Technology stocks were lower, with the SPDR Technology Select Sector ETF (XLK) Thursday down 0.4% and the Philadelphia Semiconductor Index down 4.5% this afternoon.
In company news, Virgin Orbit (VORB) rose 6.7% after on Thursday it said it had been selected to provide launch services for NASA’s venture-class acquisition of dedicated rideshare missions. The five -year contract from the U.S. space agency has a maximum total value of $ 300 million, the company said.
ServiceNow (NOW) added 8.4% after the cloud-computing company reported overnight Q4 net revenue of $ 1.46 per share, up from $ 1.17 per share last quarter, while revenue rose 28.8% to $ 1.61 billion. Street is at $ 1.43 per share and $ 1.605 billion, respectively.
Seagate Technology (STX) jumped 9.9% higher after the data storage equipment company overnight reported non-GAAP net income of $ 2.41 per share for its fiscal Q2, which grew to a $ 1.29 per share. adjusted earnings in the same quarter in 2020 and led the Capital IQ consensus of $ 0.05 per share. Revenue rose 19.1% to $ 3.12 billion, meeting market expectations.