Technology stocks were retreating premarket Thursday as the Technology Select Sector SPDR Fund (XLK) was 1.0% lower while the iShares Semiconductor ETF (SOXX) was down 1.7%.
Genius Sports (GENI) was gaining over 10% in value after the company and the National Football League said they have agreed to extend their data and video distribution partnership through the 2027-28 season.
Perion Network (PERI) was over 5% higher after it reported preliminary Q2 revenue of $176 million, up from actual revenue of $146.7 million a year earlier.
Meta Platforms (META) was advancing 0.7% after it launched Threads, a new text-based app linked to Instagram.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.