Sector Update: Tech

03:19 PM EDT, 10/15/2026 (MT Newswires) -- Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 0.9%. The Philadelphia Semiconductor index fell 1.1%. In corporate news, the EU is looking to expedite antitrust approval for a satellite venture that could rival SpaceX (SPCX), Bloomberg reported. The EU has had talks with Leonardo, Airbus and Thales over the past year about ironing out any potential regulatory concerns before the venture, called Project Bromo, is formally notified for approval, the report said. SpaceX shares were down 2.2%.