Sector Update: Tech

MT newswire2026/10/09 17:09

01:09 PM EDT, 10/09/2026 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 0.9%. The Philadelphia Semiconductor index declined 0.8%. In corporate news, SpaceX (SPCX) shares rose 1.1% after it agreed to acquire a nationwide low-band spectrum portfolio from investment firm Grain Management as it seeks to establish Starlink Mobile as a major US mobile carrier.

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