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Sector Update: Tech Stocks Mixed in Afternoon Trading
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Sector Update: Tech Stocks Mixed in Afternoon Trading
Jul 15, 2024 11:21 AM

01:57 PM EDT, 07/15/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) rising 0.9%.

The Philadelphia Semiconductor index was fractionally lower.

In corporate news, Alphabet (GOOG) is in talks to buy cybersecurity firm Wiz for about $23 billion, news outlets reported Sunday. Alphabet shares added 0.7%.

Nvidia ( NVDA ) is being investigated by French antitrust regulators who are close to charging the chipmaker with anti-competitive practices, Reuters reported on Monday. Nvidia ( NVDA ) shares were falling 0.8%.

Apple ( AAPL ) maintained its second position behind Samsung in the global smartphone market in the June quarter as worldwide shipments advanced overall year over year, according to International Data Corp. Apple ( AAPL ) shares gained 1.8%.

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