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Sector Update: Tech
Jun 1, 2026 12:46 PM

03:20 PM EDT, 06/01/2026 (MT Newswires) -- Tech stocks were mixed late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.7%.

The Philadelphia Semiconductor index rose 1.2%.

In corporate news, Apple ( AAPL ) is planning a new service that will let iPhone users split joint bills, expanding its push into everyday financial tools, Bloomberg reported. Apple ( AAPL ) shares fell 1.4%.

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