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Sector Update: Tech Stocks Mixed in Afternoon Trading
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Sector Update: Tech Stocks Mixed in Afternoon Trading
Mar 11, 2026 4:28 AM

01:46 PM EST, 02/17/2026 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 0.8%.

The Philadelphia Semiconductor index added 0.3%.

In corporate news, CrowdStrike ( CRWD ) shares fell 4.3% after Mizuho Securities lowered its price target to $490 from $540, while maintaining its neutral rating on the stock.

Palantir ( PLTR ) has moved its headquarters to Miami, Florida, from Denver, Colorado, the company said Tuesday in a post on X. Its shares added 0.5%.

Itron ( ITRI ) shares gained more than 7% after it reported Q4 adjusted earnings and revenue that beat estimates, and issued guidance for 2026.

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