Dell slumps 12% as tech sector gets hammered
FROM THE WIRE · SEEKINGALPHA.COM
[Dell Computers Sign] Thinglass/iStock Editorial via Getty Images Dell Technologies (DELL [https://seekingalpha.com/symbol/DELL]) declined almost 12% on Friday, with shares falling $55.73 to trade at $419.78 in the final hour of trading. The slide took place amid a notable slide…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe sharp tech sector sell-off, with the XLK ETF down more than 5%, weighs on sector stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Dell fell almost 12% on Friday, trading at $419.78 in the final hour.
- 02The stock lost $55.73 during the session.
- 03The XLK technology ETF dropped more than 5% on the day.
- 04CRWV, QCOM and AMD posted double-digit declines.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Dell Technologies Inc.424.16 USDMarket closedtoday -10.80%Negative Advanced Micro Devices, Inc.504.80 USDMarket closedtoday -10.88%Negative QUALCOMM Incorporated164.79 USDMarket closedtoday -11.12%Negative CoreWeave, Inc. Class A Common Stock54.87 USDMarket closedtoday -9.66%Negative State Street Technology Select Sector SPDR ETF179.52 USDMarket closedtoday -4.89%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets