Tech stocks had mixed performance, with some gains and losses highlighted by specific company news.

From Nasdaq: 2024-07-15 15:56:55

Tech stocks showed mixed performance on Monday afternoon, with the XLK and XSD seeing modest gains while the Philadelphia Semiconductor index dipped slightly.
Salesforce cut 300 jobs to streamline operations, causing its shares to drop by 0.7%.
HP shares rose by 1.2% after launching an AI personal computer and integrating a trust framework into an AI platform.
Alphabet is reportedly in talks to acquire cybersecurity firm Wiz for $23 billion, boosting its shares by 0.6%.
Apple maintained its second position in the global smartphone market in the June quarter, with a 1.4% increase in shares as worldwide shipments rose compared to the previous year.



Read more at Nasdaq: Sector Update: Tech Stocks Rise in Late Afternoon