Information technology stocks advanced over 2% at midday Monday, after the US announced a temporary exemption for consumer electronics such as smartphones from the recently announced tariffs.
US stocks are expected to extend a rally on Monday, with the tech-heavy Nasdaq composite index anticipated to open more than 1% higher.
Norwood Systems (ASX:NOR) reported the completion and delivery of a high-level design architecture, along with comprehensive documentation and detailed specifications, as part of a recently secured telecommunications contract.
On the flip side, the communication services sector was one of the only two sectors trading in the red, falling just 0.2%.
Streamplay Studio (ASX:SP8) said Noodlecake Studios, following its acquisition effective Jan. 1, banked around AU$1.38 million in receipts during the first quarter. It booked an unaudited quarterly revenue of AU$2.7 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.