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Sector Update: Tech

Sector Update: Tech

MT newswireMT newswire2026/09/30 17:06
01:06 PM EDT, 09/30/2026 (MT Newswires) -- Tech stocks were mixed Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.4%. The Philadelphia Semiconductor index eased 0.2%. In corporate news, executives from Alphabet's (GOOGL) Google, Anthropic, Meta (META), Nvidia (NVDA), OpenAI and SpaceX's (SPCX) xAI agreed to implement a four-layer control and audit system for AI under an accord signed Tuesday with President Donald Trump. Alphabet's shares were up 3.1%. Meta was down 0.2%, Nvidia was adding 1.4%, and SpaceX rose 1.5%.
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