Sector Update: Tech-June 2024-www.financetom.com

Market

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Sector Update: Tech

Nov 6, 2024 10:42 AM

01:29 PM EST, 11/06/2024 (MT Newswires) -- Tech stocks were sharply higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.8%.

The Philadelphia Semiconductor index was 2.8% higher.

In corporate news, Apple ( AAPL ) has approached Foxconn about producing artificial intelligence servers in Taiwan, Nikkei Asia reported. Apple ( AAPL ) shares were rising 0.3%.

Previous page： 'Not Enough Progress To Convince Powell It's Time To Cut Rates': Economist Sheds Doubt On Calls For Interest Rate Reductions Next page： US STOCKS-Megacaps drag Wall Street lower, small-caps rise after inflation data

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

'Not Enough Progress To Convince Powell It's Time To Cut Rates': Economist Sheds Doubt On Calls For Interest Rate Reductions

Jul 11, 2024

June's inflation report came in lighter than expected, sparking a rally in equity markets, particularly small-cap stocks tracked by the iShares Russell 2000 ETF ( IWM ) , which are more interest-rate sensitive than larger corporations. Blu Putnam, the former chief economist at CME Group, shed some doubt on the idea the Federal Reserve will cut interest rates based on...

US STOCKS-Megacaps drag Wall Street lower, small-caps rise after inflation data

Jul 11, 2024

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * CPI numbers show inflation eased in June * All 'Magnificent Seven' stocks fall * Airlines slump after Delta results * PepsiCo dips on quarterly revenue miss * Indexes: Dow up 0.15%, S&P down 0.74%, Nasdaq down 1.58% (Updated at...

TSX up 120 Points at Midday, Telecoms, Utilities, Lead Gains

Jul 11, 2024

12:13 PM EDT, 07/11/2024 (MT Newswires) -- The Toronto Stock Exchange is up 120 points with most sectors higher after easier than expected U.S. CPI opens the door for a rate cut, possibly in September. The exchange is back to within 100 points of the all time record high of 22,555, achieved in May. The biggest gainers are telecoms and...

US Equity Indexes Trade Mixed as Cooling Inflation Drives Treasury Yields Lower

Jul 11, 2024

12:31 PM EDT, 07/11/2024 (MT Newswires) -- US equity indexes traded mixed as government bond yields slumped after the headline annual inflation rate in June retreated for the third straight month. The Nasdaq dropped 1.6% to 18,346.9, and the S&P 500 fell 0.8% to 5,589.7. The Dow Jones Industrial Average advanced 0.1% to 39,761.5. Among sectors, communication services and technology...