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Sector Update: Tech Stocks Mixed Friday Afternoon
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Sector Update: Tech Stocks Mixed Friday Afternoon
Jun 21, 2024 11:10 AM

01:47 PM EDT, 06/21/2024 (MT Newswires) -- Tech stocks were mixed in Friday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) easing 0.2% and the SPDR S&P Semiconductor ETF (XSD) up 0.1%.

The Philadelphia Semiconductor index fell 1.2%.

In corporate news, Apple ( AAPL ) is withholding the launch of its artificial intelligence platform and other new features in the EU due to "uncertainties" related to new competition rules in the bloc, according to media reports. Apple ( AAPL ) shares rose 0.3%.

Alphabet's (GOOG) Google ( GOOG ) is pausing its global experiment of allowing real-money games on Play Store due to the lack of a central authority to approve apps, TechCrunch reported. Alphabet shares rose 2.1%.

Microsoft ( MSFT )-backed (MSFT) OpenAI acquired Rockset, a real-time analytics database that provides data indexing and querying capabilities. Microsoft ( MSFT ) rose 0.6%.

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