Sector Update: Tech
MT newswire2026/11/04 19:20Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:20 PM EST, 11/04/2026 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 3.2%. The Philadelphia Semiconductor index declined 3.6%. In corporate news, Apple (AAPL) has reduced employee spending allowances for AI tools as part of a broader cost-cutting effort, Bloomberg reported. Apple shares were up 6.2%.
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