04:00 PM EDT, 08/26/2024 (MT Newswires) -- Tech stocks declined late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 1.2% and the SPDR S&P Semiconductor ETF (XSD) falling 1.7%. The Philadelphia Semiconductor index slumped 2.3%. In corporate news, Applied Materials ( AMAT ) shares fell 3.2%. The company said it has received a subpoena from the US...

01:27 PM EDT, 08/26/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 1.3% and the Energy Select Sector SPDR Fund (XLE) up 1%. The Philadelphia Oil Service Sector index was posting a 1.1% increase, and the Dow Jones US Utilities index was adding 0.7%. Front-month West Texas Intermediate crude oil was climbing...

* PDD Holdings ( PDD ) slumps after quarterly revenue miss * Oil shares up on supply disruption fears, Middle East tensions * Boeing ( BA ) slips as NASA picks SpaceX over Starliner (Updates with market close) By Johann M Cherian and Noel Randewich Aug 26 (Reuters) - The S&P 500 finished lower on Monday, with AI heavyweight Nvidia...

03:44 PM EDT, 08/26/2024 (MT Newswires) -- US benchmark equity indexes were struggling for direction ahead of Monday's close following a rally in the previous session after Federal Reserve Chair Jerome Powell said the time has come for interest rate cuts. The Nasdaq Composite was down 0.9% at 17,724.8, while the S&P 500 fell 0.4% to 5,615.6. The Dow Jones...