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Sector Update: Tech
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Sector Update: Tech
Jul 16, 2025 10:52 AM

01:27 PM EDT, 07/16/2025 (MT Newswires) -- Tech stocks were mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.5%.

The Philadelphia Semiconductor index fell 1.1%.

In corporate news, ASML ( ASML ) shares fell 8.8% after fiscal Q3 sales guidance missed Wall Street estimates. The company cited "increasing uncertainty driven by macroeconomic and geopolitical developments" as clouding the 2026 outlook.

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