Page 3 - Select Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tesla Inc. (NASDAQ: TSLA) employees live in fear as layoffs continue through June. CEO Elon Musk's plan to cut at least 10% of the workforce has left employees anxious, uncertain of their job security. Former sales representative Michael Minick described the situation as walking on eggshells daily. This ongoing turmoil has contributed to a 29% decline in Tesla's share value this year, with a $224 billion loss in market capitalization.

All eyes are on technology giant Apple (NASDAQ: AAPL), which is set to release second-quarter fiscal 2024 results after market close on May 2.

The world's largest software maker — Microsoft (NASDAQ: MSFT) — reported strong third-quarter fiscal 2024 results, beating earnings and revenue estimates. driven by strong demand for cloud and artificial intelligence offerings.

Aside from 2022, tech has been a great sector to focus on in recent years.

Energy Select Sector SPDR Fund (NYSEARCA:XLE – Get Free Report) saw some unusual options trading activity on Wednesday. Stock traders acquired 309,586 put options on the company. This represents an increase of 160% compared to the typical volume of 119,017 put options. Energy Select Sector SPDR Fund Stock Performance Shares of NYSEARCA XLE traded up […]