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News 2026-07-15 17:47 UTC

Sector Update: Tech Stocks Decline in Afternoon Trading

() -- Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%. The Philadelphia Semiconductor index shed 2.9%. In sector news, DeepSeek is planning a new fundraising round at a valuation of