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Sector Update: Tech Stocks Advance Pre-Bell Tuesday

MT Newswires Live
May 05

Technology stocks were higher pre-bell Tuesday, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.2% higher.

Fidelity National Information Services (FIS) stock was up 5% after the company said it is working with Anthropic to create artificial intelligence tools for the banking industry, beginning with a financial crime agent.

ServiceNow (NOW) shares were up more than 2% before the bell. A company presentation on Monday showed that ServiceNow is targeting up to $32 billion in subscription revenue by 2030 under an "upside" scenario.

Leidos Holdings (LDOS) shares rose 2% in premarket activity after the company reported higher Q1 non-GAAP earnings and revenue.

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