Tech stocks were rising late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the Philadelphia Semiconductor index each adding about 0.2%.
In company news, Alphabet’s (GOOG) Google is cutting hundreds of jobs in its worldwide recruitment department due to a slowdown in hiring, Semafor reported Wednesday. Alphabet shares rose 1%.
Microsoft (MSFT) secured a contract for a new batch of HoloLens-based combat goggles that will be used for assessment in 2025, Bloomberg reported Wednesday. Microsoft shares were up 1.1%.
DZS (DZSI) shares jumped 34%. The company said it secured $29.7 million in loans, including a $24.5 million three-year term loan with 29% shareholder DASAN Networks.
Sidus Space (SIDU) said it has secured a 180-day extension to regain compliance with Nasdaq’s minimum bid price requirement. Its shares rose 1.2%.
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.