The tech sector is trading lower today, inline with losses the broader market. Semiconductors are also trading in line with weakness in the tech space with the Philly Semi Index trading 1.8% lower. Among chips in the index, AMD (-4.2%) and WFR (-4.2%) are notable laggards. Among other major indices, the S&P 500 is trading 1.7% lower, while the NASDAQ is trading 1.6% lower. The QQQ, meanwhile, is trading 1.7% lower. Among tech bellwethers, ORCL (-2.7%) is showing relative weakness.
In earnings, FNSR (+15.3%) reported a slightly better than expected quarter and guidance.
Among notable analyst upgrades this morning, Oppenheimer upgrades LQDT (-1.7%) to Outperform, WIT (-0.1%) was upgraded to Overweight at Morgan Stanley, and BCSI (-4.7%) was upgraded to Neutral from Sell at Lazard.
There are no notable tech names set to report results today after the close.






