Tech stocks were lower Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the Philadelphia Semiconductor index falling 0.9%.
In company news, Globant (GLOB) said Thursday it plans to invest $1 billion in Latin America over five years to boost its presence in the region. Its shares rose 0.8%.
CyberArk Software (CYBR) shares jumped 12% after the company logged better-than-expected Q2 results.
Exela Technologies (XELA) was down 6.5%. The firm said it is working with Microsoft (MSFT) to combine its artificial intelligence technology with the Microsoft Azure OpenAI Service on the Azure cloud platform.
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