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Sector Update: Tech

Oct 3, 2024 12:38 AM

01:35 PM EDT, 09/23/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) marginally higher.

The Philadelphia Semiconductor index rose 0.2%.

In corporate news, Apollo Global Management ( APO ) has offered to invest as much as $5 billion in Intel ( INTC ) , Bloomberg reported Sunday. Intel ( INTC ) shares jumped 3.6% and Apollo was up 0.4%.

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