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Sector Update: Tech
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Sector Update: Tech
Jun 27, 2024 1:02 PM

03:33 PM EDT, 06/27/2024 (MT Newswires) -- Tech stocks were edging higher in late Thursday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) fractionally higher.

The Philadelphia Semiconductor index fell 0.3%.

In corporate news, VeriSign's ( VRSN ) monopoly over website domain registration is responsible for increasing prices of the most coveted domains, the American Economic Liberties Project said Thursday. The non-profit organization said that it and a coalition of allies sent two separate letters to the National Telecommunications and Information Administration and Department of Justice urging them to end VeriSign's ( VRSN ) monopoly. VeriSign ( VRSN ) shares were falling 0.7%.

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