Tech stocks were mixed Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the Philadelphia Semiconductor index down 0.3%.
In company news, Astra Space (ASTR) is considering selling a majority stake in its in-space propulsion business, among other strategic sale options, Bloomberg reported late Tuesday. Its shares tumbled 23%.
E2open Parent Holdings (ETWO) plunged over 47% after it reported a fiscal Q2 revenue of $158.5 million, down from $160.7 million a year earlier. Analysts surveyed by Capital IQ expected $159.7 million.
Taiwan Semiconductor Manufacturing (TSM) is expected to get another one-year waiver from the US to maintain production in China, The Wall Street Journal reported. The shares were up 0.2%.
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.