On Monday, several major technology stocks and exchange-traded funds (ETFs) experienced varied trading outcomes with Oracle Corporation (ORCL) finishing marginally lower. Oracle closed the session at $164.50 per share, reflecting a minimal decline of 0.05% relative to the previous trading day.
Other heavyweight tech companies encountered more significant losses during the session. Advanced Micro Devices Inc. (AMD) saw its share price slip to $232.40, registering a 1.83% decrease. Meta Platforms Inc. (META), a prominent social media conglomerate, traded down 1.03% to close at $709.10 per share. NVIDIA Corporation (NVDA), widely recognized for its semiconductor and graphics processing units, ended the day at $188.33, down 1.46%.
The technology-focused exchange-traded funds also reflected declines across the board. The REPIX FANG & Innovation Equity Premium Income ETF (FIREX) slightly decreased by 0.09% settling at $43.76. The iShares Expanded Tech-Software Sector ETF (IGV) faced a decrease of 0.62%, closing at $89.75. Lastly, the First Trust NASDAQ Technology Dividend Index Fund (TDIV) recorded a reduction of 0.30%, ending the day at $98.45.
Collectively, these fluctuations indicate a modest downward trend in this segment of the market during Monday's trading session. While Oracle stock exhibited stability with only a negligible loss, other constituents in the technology sector faced more considerable downward pressure.
This data is supported by information obtained through market news and data provided by Benzinga APIs and has undergone editorial review to ensure accuracy.