Sector Update: Tech Stocks Fall Tuesday Afternoon

MT Newswires Live10-02

Tech stocks were down Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 3% and the SPDR S&P Semiconductor ETF (XSD) slumping 4%.

The Philadelphia Semiconductor Index fell 3%.

In corporate news, Apple's (AAPL) suppliers may have to import parts from China or elsewhere after a fire caused extensive damage at Tata's iPhone component plant in India over the weekend, Reuters reported. Apple shares were falling 3.6%.

Meta Platforms (META) said Tuesday it will expand manufacturing of its Quest 3S mixed-reality device to Vietnam starting next year. Meta shares rose 0.7%.

PowerSchool (PWSC) said Tuesday that Bain Capital has closed its acquisition of the company for $22.80 per share in cash, for an enterprise value of $5.6 billion. PowerSchool shares shed 0.2%.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472074923?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-02 01:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472074923","market":"sg","top_or_hot":-1,"title":"Sector Update: Tech Stocks Fall Tuesday Afternoon","media":"MT Newswires Live","content":"<html><body><p> Tech stocks were down Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 3% and the SPDR S&amp;P Semiconductor ETF (XSD) slumping 4%.</p><p>The Philadelphia Semiconductor Index fell 3%.</p><p>In corporate news, Apple's (AAPL) suppliers may have to import parts from China or elsewhere after a fire caused extensive damage at Tata's iPhone component plant in India over the weekend, Reuters reported. Apple shares were falling 3.6%.</p><p>Meta Platforms (META) said Tuesday it will expand manufacturing of its Quest 3S mixed-reality device to Vietnam starting next year. Meta shares rose 0.7%.</p><p>PowerSchool (PWSC) said Tuesday that Bain Capital has closed its acquisition of the company for $22.80 per share in cash, for an enterprise value of $5.6 billion. PowerSchool shares shed 0.2%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Tech Stocks Fall Tuesday Afternoon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Tech Stocks Fall Tuesday Afternoon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 01:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech stocks were down Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 3% and the SPDR S&P Semiconductor ETF (XSD) slumping 4%.The Philadelphia Semiconductor Index fell 3%...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFSS8Q28.SGD","symbol_name":"Janus Henderson Balanced A Inc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472074923","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472074923","pubTimestamp":1727804935,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Tech stocks were down Tuesday afternoon, with the Technology Select Sector SPDR Fund  dropping 3% and the SPDR S&P Semiconductor ETF  slumping 4%.The Philadelphia Semiconductor Index fell 3%.In corporate news, Apple's  suppliers may have to import parts from China or elsewhere after a fire caused extensive damage at Tata's iPhone component plant in India over the weekend, Reuters reported. Apple shares were falling 3.6%.Meta Platforms  said Tuesday it will expand manufacturing of its Quest 3S mixed-reality device to Vietnam starting next year. Meta shares rose 0.7%.PowerSchool  said Tuesday that Bain Capital has closed its acquisition of the company for $22.80 per share in cash, for an enterprise value of $5.6 billion. PowerSchool shares shed 0.2%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","BK4023":"应用软件","AAPL":"苹果","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU1989763005.USD":"东方汇理教育基金A2 Acc","BK4532":"文艺复兴科技持仓","PWSC":"PowerSchool Holdings, Inc.","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU1989773731.SGD":"CPR Invest - Education A2 Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","XLK":"高科技指数ETF-SPDR","BK4566":"资本集团","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4587":"ChatGPT概念","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","XSD":"SPDR S&P Semiconductor ETF","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","META":"Meta Platforms, Inc.","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4501":"段永平概念","LU2517655028.SGD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (SGDHDG) ACC","BK4579":"人工智能","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4588":"碎股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU2517655291.USD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC"},"translate_title":"行业更新：科技股周二下午下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XSD":1,"XLK":1,"AAPL":0.9,"PWSC":0.9,"META":0.7},"content_text":"Tech stocks were down Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 3% and the SPDR S&P Semiconductor ETF (XSD) slumping 4%.The Philadelphia Semiconductor Index fell 3%.In corporate news, Apple's (AAPL) suppliers may have to import parts from China or elsewhere after a fire caused extensive damage at Tata's iPhone component plant in India over the weekend, Reuters reported. Apple shares were falling 3.6%.Meta Platforms (META) said Tuesday it will expand manufacturing of its Quest 3S mixed-reality device to Vietnam starting next year. Meta shares rose 0.7%.PowerSchool (PWSC) said Tuesday that Bain Capital has closed its acquisition of the company for $22.80 per share in cash, for an enterprise value of $5.6 billion. PowerSchool shares shed 0.2%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472074923"}