Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.1% and the Philadelphia Semiconductor index up 0.3%.
In corporate news, Oracle (ORCL) shares tumbled over 13% after the company missed Q1 revenue expectations and issued downbeat Q2 guidance.
Alphabet’s (GOOG) Google pays more than $10 billion a year to retain its search engine dominance, a US Department of Justice attorney reportedly said during the first day of a closely watched antitrust trial. Alphabet shares were shedding 0.6%.
BTC Digital (METX) shares jumped past 9% after it said Tuesday that Nasdaq has notified the company that it had regained compliance with the exchange’s minimum bid price requirement.
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