financetom
Market
financetom
/
Market
/
Sector Update: Tech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Tech
Jul 12, 2024 12:54 PM

03:36 PM EDT, 07/12/2024 (MT Newswires) -- Tech stocks were gaining late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.5% and the SPDR S&P Semiconductor ETF (XSD) adding 2.1%.

The Philadelphia Semiconductor index gained 2.1%.

In corporate news, Intel's ( INTC ) software and developer cloud subscription revenue may reach $1 billion by the end of 2027, Reuters reported Friday, citing Chief Technology Officer Greg Lavender. Intel ( INTC ) shares jumped 4%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved