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
Mar 25, 2025 10:57 AM

01:36 PM EDT, 03/25/2025 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.7%.

The Philadelphia Semiconductor index fell 0.8%.

In sector news, tech companies such as Nvidia (NVDA) and Oracle (ORCL), as well as foreign government officials, are urging the Trump administration to reconsider its planned restrictions on AI chip exports, Bloomberg reported.

In corporate news, Apple ( AAPL ) is likely to avoid a possible fine after the company changed the iPhone's browser design to comply with the Digital Markets Act, and the European Commission is poised to conclude its investigation early next week, Reuters reported. Apple ( AAPL ) shares rose 0.9%.

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 >
Sector Update: Financial
Sector Update: Financial
May 26, 2025
01:37 PM EDT, 05/13/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%. The Philadelphia Housing Index was up 0.5%, while the Real Estate Select Sector SPDR Fund (XLRE) was shedding 1.3%. Bitcoin (BTC-USD) was increasing 1.1% to $103,909, and the...
Macro Data Leave Equities Mixed Intraday; Nvidia Rallies
Macro Data Leave Equities Mixed Intraday; Nvidia Rallies
May 26, 2025
02:13 PM EDT, 05/13/2025 (MT Newswires) -- US benchmark equity indexes were mixed intraday as traders weighed latest economic data, including a report showing that consumer prices rebounded in April. The Nasdaq Composite was up 1.7% at 19,028.9 after midday Tuesday, while the S&P 500 rose 0.9% to 5,898.3. The Dow Jones Industrial Average fell 0.4% to 42,254.7. Among sectors,...
Sector Update: Health Care
Sector Update: Health Care
May 26, 2025
01:39 PM EDT, 05/13/2025 (MT Newswires) -- Health care stocks were lower Tuesday afternoon, with the NYSE Health Care Index falling 2.6% and the Health Care Select Sector SPDR Fund (XLV) dropping 2.3%. The iShares Biotechnology ETF (IBB) shed 1.5%. In corporate news, UnitedHealth ( UNH ) suspended its full-year outlook on Tuesday amid higher-than-expected medical costs, while Andrew Witty...
Sector Update: Tech
Sector Update: Tech
May 26, 2025
01:39 PM EDT, 05/13/2025 (MT Newswires) -- Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 2.4% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.8%. The Philadelphia Semiconductor Index jumped 3.3%. In sector news, President Donald Trump said Saudi Arabia committed to invest $600 billion in the US with an initial focus on energy,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved