From The Wall Street Journal: 2024-05-07 15:52:42

Tech stocks were down, with XLK falling 0.2% and XSD decreasing 0.1%. The Philadelphia Semiconductor index also dropped by 0.6%. Apple unveiled its new tablets, including the iPad Pro with the M4 chip, and its stock rose 0.4%.

Alphabet’s Google launched the Pixel 8a, a $499 budget smartphone with AI technology and an updated screen, boosting Alphabet shares by 1.6%. Datadog raised its full-year outlook after strong Q1 results, but its shares fell over 11% after announcing its President’s resignation. Teradata tumbled 13% due to a stock downgrade by BofA Securities.



Read more at The Wall Street Journal: Technology Sector Update for 05/07/2024: AAPL, GOOG, DDOG, TDC