Advanced technology stocks:
MSFT: + 1.44%
AAPL: + 1.23%
IBM: + 0.57%
CSCO: + 1.55%
GOOG: + 1.47%
Tech majors were climbing before commercialization on Monday.
The first movers include:
(+) ASML Holding (ASML), which grew by more than 3% after announcing first-quarter sales of 2.4 billion euros (2.66 billion dollars) to 2.5 billion euros. Analysts polled by Capital IQ expected 3.2 billion euros. The company also said that the COVID-19 pandemic has so far had a limited impact on its manufacturing capacity, but its revenue forecast takes into account the effects of the pandemic.
In other sector news:
(-) Lyft (LYFT) has encouraged its drivers in the United States to tackle Amazon’s delivery jobs (AMZN), because lock orders in major cities are driving down carpooling use, have media reports. Lyft recently fell more than 1%.
(+) Microsoft (MSFT) has recently gained more than 1% in value after reporting it has seen a significant increase in demand for its cloud services as measures are put in place to stop the spread of COVID-19.
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