Technology Sector Update for 06/17/2021: CRTD, BIDU, MSFT, MX, JBL

Technology stocks were declining ahead of the opening bell on Thursday as the Technology Select Sector SPDR ETF (XLK) was down 0.41% and the iShares PHLX Semiconductor Sector Index Fund (SOXX) was 0.35% lower recently.

In company news, Creatd (CRTD) was dropping by almost 18% after it initiated an underwritten public offering of its common stock.

Jabil (JBL) was up almost 3% after reporting higher fiscal Q3 adjusted earnings and revenue and raising its full-year outlook.

Baidu (BIDU) was modestly higher after entering into a collaboration with BAIC Group on the production of a new generation of self-driving vehicles.

Microsoft (MSFT) was down by just a fraction after announcing that CEO Satya Nadella was appointed as chairman of the board.

MagnaChip Semiconductor (MX) was down by 1.1% after it postponed its special meeting of stockholders after receiving an interim order from the US Treasury Department on behalf of the Committee on Foreign Investment in the US.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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