Sector Update: Tech
MT newswire2026/10/08 17:1601:16 PM EDT, 10/08/2026 (MT Newswires) -- Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.8%. The Philadelphia Semiconductor index shed 3.4%. In corporate news, Microsoft (MSFT) and Adobe (ADBE) are being suspended from the Permanent Labor Certification Program due to "multiple active federal investigations," US Secretary of Labor Keith Sonderling said Thursday at a press conference. Microsoft shares were down 1.1%, and Adobe was up 1%.
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