Sector Update: Tech-July 2024-www.financetom.com

Market

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Sector Update: Tech

Oct 21, 2024 9:28 PM

01:48 PM EDT, 10/21/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) falling 1%.

The Philadelphia Semiconductor index was decreasing 0.4%.

In corporate news, SecureWorks ( SCWX ) agreed to be bought by Thoma Bravo-backed Sophos for $859 million in a cash deal. Dell (DELL) owns all of Secureworks' ( SCWX ) class B common stock. SecureWorks ( SCWX ) shares were shedding 1.3%, and Dell was down 0.4%.

Previous page： Western miners push for higher metals prices to ward off Chinese rivals Next page： Japan's Nikkei extends falls as chip-related stocks tumble

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.

Show More Comments

Related Articles >

Western miners push for higher metals prices to ward off Chinese rivals

Jul 21, 2024

SALMON-CHALLIS NATIONAL FOREST, Idaho (Reuters) - The only U.S. cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in electric vehicle batteries and electronics. Jervois Global, which dug the...

Japan's Nikkei extends falls as chip-related stocks tumble

Jul 21, 2024

TOKYO, July 22 (Reuters) - Japan's Nikkei share average fell more than 1% on Monday, extending its decline to a fourth session, as chip-related stocks tumbled after their Wall Street peers closed sharply lower at the end of last week. The Nikkei fell 1.17% to 39,593.81 by the midday break, while the broader Topix was down 1.04% to 2,831. The...

S&P 500 e-minis edge up after Biden pulls out of US presidential race

Jul 21, 2024

NEW YORK (Reuters) - S&P 500 e-mini futures were up slightly late on Sunday after U.S. President Joe Biden ended his reelection bid and endorsed Vice President Kamala Harris to replace him as the Democratic candidate against Republican Donald Trump. S&P 500 e-minis were last up 0.1%. Biden, who had been under pressure from fellow Democrats to pull out of...

INSIGHT-Western miners push for higher metals prices to ward off Chinese rivals

Jul 21, 2024

SALMON-CHALLIS NATIONAL FOREST, Idaho, July 22 (Reuters) - T he only U.S. cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in electric vehicle batteries and electronics. Jervois Global...