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Sector Update: Tech

Oct 3, 2024 1:32 AM

01:44 PM EDT, 09/25/2024 (MT Newswires) -- Tech stocks were mixed Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.4%.

The Philadelphia Semiconductor index rose 0.5%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) submitted a complaint to the European Commission against Microsoft ( MSFT ) for alleged anti-competitive practices, saying the company locks clients into its cloud platform Azure. Alphabet shares were shedding 0.2% and Microsoft ( MSFT ) was adding 0.7%.

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