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Sector Update: Tech

Sector Update: Tech

MT newswireMT newswire2026/10/02 19:30
03:30 PM EDT, 10/02/2026 (MT Newswires) -- Tech stocks advanced late Friday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.9% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 3.6%. The Philadelphia Semiconductor index climbed 2.4%. In corporate news, Satellogic (SATL) shares rose 6.3% after the company launched its first Merlin.01 and three NewSat satellites aboard a SpaceX (SPCX) Falcon 9 from Vandenberg Space Force Base in California on Thursday. SpaceX shares surged 7.6%.
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