Sector Update: Tech
MT newswire2026/10/30 17:23Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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01:23 PM EDT, 10/30/2026 (MT Newswires) -- Tech stocks were sharply lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 5.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping nearly 8%. The Philadelphia Semiconductor index slumped 8.2%. In corporate news, Intel's (INTC) Q3 revenue fell short of analyst estimates, and Q4 adjusted earnings and sales outlook lagged forecasts. Its shares tumbled 30%.
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