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Sector Update: Tech Stocks Advance Wednesday Afternoon

Sector Update: Tech Stocks Advance Wednesday Afternoon

MT newswireMT newswire2026/09/09 17:34
01:34 PM EDT, 09/09/2026 (MT Newswires) -- Tech stocks were slightly higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.3%. The Philadelphia Semiconductor index increased 0.4%. In corporate news, Meta Platforms (META) has launched a new personal AI agent called Muse AI, which can send emails, book travel plans, take on goals and continue working after users close the app. Meta shares jumped past 6%. Analog Devices (ADI) has agreed to buy Alif Semiconductor in a $1.35 billion all-cash deal that will add AI-native microcontrollers and fusion processors to its lineup. Shares rose 0.5%. Dell Technologies (DELL) is looking to raise $4 billion in an investment-grade bond sale to refinance its debt, Bloomberg reported. Dell shares added 1.5%.
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