Sector Update: Tech

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Sector Update: Tech

, MT Newswires - 3:40 PM ET 4/7/2025 default

03:40 PM EDT, 04/07/2025 (MT Newswires) -- Tech stocks were advancing late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) adding 1.7%.

The Philadelphia Semiconductor index climbed 2.8%.

In corporate news, AppLovin ( APP ) Chief Executive Adam Foroughi told MT Newswires that the company's offer for TikTok can "provide a win for the Trump administration and for the creators of TikTok." AppLovin ( APP ) shares were rising past 6%.

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