Sector Update: Tech Stocks Mixed Late Afternoon

MT Newswires Live10-04

Tech stocks were mixed in late Thursday afternoon trading with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.9%.

The Philadelphia Semiconductor Index gained 0.3%.

In corporate news, Microsoft (MSFT) provides an unfair advantage to its Edge web browser and the company should face strict EU rules, three rival browser firms and a group of web developers said in a letter to the European Commission, Reuters reported. Microsoft shares eased 0.4%.

Revolut asked Meta Platforms (META) to pledge to cover the losses of fraud victims, arguing that its collaboration with UK banks and financial bodies on sharing data doesn't adequately address the need to fight fraud globally. Meta shares rose 1.6%.

The US Department of Justice expanded its investigation into potential price-fixing involving SAP (SAP) and software reseller Carahsoft Technology, Bloomberg News reported. SAP shares fell 1.9%.

N2OFF (NITO) shares shed 2.2% after the company unveiled several initiatives, including the potential spinoff of its cleantech operations.

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