Technology Sector Update for 07/20/2020: INFY, ERIC, BOXL, XLK, XSD

Technology stocks were mixed pre-bell Monday as the Technology Select Sector SPDR ETF (XLK) was up 0.22%, while the SPDR S&P Semiconductor (XSD) was up 0.77% recently.

Infosys (INFY) was gaining more than 2% after saying it has been tapped to support the digitization of IT infrastructure at German chemicals company Lanxess.

Ericsson (ERIC) was up more than 1% after announcing that it has been selected to deliver its technology for Softbank's standalone 5G network.

Boxlight (BOXL) was nearly 11% lower after the company filed a shelf registration statement for the potential sale of up to $150 million of securities from time to time.

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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