Sector Update: Tech

Sector Update: Tech

MT newswire2026/09/22 17:14

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01:14 PM EDT, 09/22/2026 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.5%. The Philadelphia Semiconductor index added 1.4%. In corporate news, Alibaba (BABA) unveiled its newest AI chip on Tuesday along with updates to its AI models, agent platforms and cloud infrastructure, as the Chinese giant looks to strengthen its position in the AI industry. Shares rose 0.7%.

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New York Federal Reserve President Williams stated that the industry has already begun proactively expanding infrastructure for cleared repos and cash transactions. Trading activity is shifting from uncleared to cleared markets, and overall progress is ahead of the regulatory deadline. In this speech, he did not comment on the monetary policy stance.

华尔街见闻•2026/09/22 18:11