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Sector Update: Tech Stocks Mixed in Afternoon Trading
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Sector Update: Tech Stocks Mixed in Afternoon Trading
Jun 23, 2025 11:30 AM

02:08 PM EDT, 06/23/2025 (MT Newswires) -- Tech stocks were mixed Monday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 1.1% and the SPDR S&P Semiconductor ETF (XSD) easing 0.3%.

The Philadelphia Semiconductor index rose 0.6%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) cut its Google TV and Android TV budget by 10% and trimmed staff, The Information reported. Alphabet shares fell 1.9%.

The chief administrative officer of the US House has informed congressional staffers that Meta's (META) messaging app WhatsApp is now banned on their government devices, Axios reported, citing an email by the CAO. Meta shares rose 2.1%.

Apple ( AAPL ) is in last-minute talks with EU regulators to avoid a fine over its App Store practices, the Financial Times reported. Apple ( AAPL ) shares gained 0.3%.

Datavault AI ( DVLT ) shares jumped 9.2% the US Patent and Trademark Office gave notices of allowance for nine patents.

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