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Sector Update: Tech
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Sector Update: Tech
Jun 1, 2026 10:25 AM

12:58 PM EDT, 06/01/2026 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.4%.

The Philadelphia Semiconductor index rose 1.4%.

In corporate news, Nvidia ( NVDA ) has launched RTX Spark, a new AI chip that will be used in Microsoft ( MSFT ) Windows laptops and desktops. Nvidia's ( NVDA ) shares climbed 4.8%, and Microsoft ( MSFT ) added 2.6%.

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