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Sector Update: Tech
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Sector Update: Tech
Jul 18, 2025 11:21 AM

01:46 PM EDT, 07/18/2025 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.4%.

The Philadelphia Semiconductor index was fractionally lower.

In corporate news, Dell (DELL) has the potential to post EPS of $19.01 in 2030, more than doubling EPS of $8.14 recorded in fiscal 2025, BofA Securities said in a note. BofA raised its price target on the company to $165 from $155 and maintained its buy rating. Dell shares jumped past 6%.

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