Sector Update: Tech

() -- Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 7.3%. The Philadelphia Semiconductor index slumped 6.5%. In corporate news, Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported. Apple shares rose 4.4%. Copyright © 2026. All rights reserved. does not provide investment advice. Unauthorized reproduction is strictly prohibited.