Late Trading Brings Tech Stocks a Boost in Value

Friday, 12 July 2024, 19:57

The tech market saw a positive uptrend in late trading as the Technology Select Sector SPDR Fund (XLK) climbed 0.8% and the SPDR S&P Semiconductor ETF (XSD) surged by 1.4%. Noteworthy was the 1.1% spike in the Philadelphia Semiconductor index. The post highlights the late-day gains in tech stocks, particularly focusing on the surge in value seen by major tech funds and indices.

TradingView — Late Trading Brings Tech Stocks a Boost in Value

Tech Market Update

The late trading session brought positive news for the tech sector, witnessing a surge in values of key tech stocks.

Key Points:

XLK rose by 0.8%.
XSD added 1.4%.
Philadelphia Semiconductor index spiked 1.1%.

The late rally reflects the market's optimism towards tech investments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Tech Market Update

Key Points:

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