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Sector Update: Tech
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Sector Update: Tech
Sep 9, 2025 12:42 PM

03:20 PM EDT, 09/09/2025 (MT Newswires) -- Tech stocks were mixed late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) fractionally higher and the SPDR S&P Semiconductor ETF (XSD) slightly lower.

The Philadelphia Semiconductor index was marginally lower.

In corporate news, Meta (META) has signed a multiyear deal worth over $100 million to use technology from German AI image startup Black Forest Labs, Bloomberg reported. Meta shares gained 1.6%.

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