Sector Update: Tech

, MT Newswires -  1:50 PM ET 3/18/2025 US Markets

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

01:50 PM EDT, 03/18/2025 (MT Newswires) -- Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each falling about 1.3%.

The Philadelphia Semiconductor index was shedding 1.1%.

In sector news, the US Commerce Department recently informed staff that Chinese AI model DeepSeek is banned on government devices to protect information security, Reuters reported late Monday.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) said it has agreed to buy cloud cybersecurity platform Wiz for $32 billion. Alphabet shares were down 2.6%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

© 1999-2025 Midnight Trader, Inc. All rights reserved.

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.