Sector Update: Tech

Sector Update: Tech

MT newswire2026/09/24 17:14

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01:14 PM EDT, 09/24/2026 (MT Newswires) -- Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) declining 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.2%. The Philadelphia Semiconductor index was shedding 0.4%. In corporate news, Oracle (ORCL) issued a force majeure notice to Project Jupiter's developer, a unit of Blue Owl Capital (OWL), seeking to defer payments if its planned New Mexico data center is delayed and fails to come online in 2028 as planned, Bloomberg reported. Oracle shares were down 3.9%.

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Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.

华尔街见闻•2026/09/24 21:16