Sector Update: Tech

Sector Update: Tech

MT newswire2026/09/28 17:15

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01:15 PM EDT, 09/28/2026 (MT Newswires) -- Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2%. The Philadelphia Semiconductor index shed 1.3%. In corporate news, Nvidia (NVDA) said its board approved an additional $150 billion under its existing share repurchase program, increasing the total remaining authorization to $235 billion. The company said it expects to carry out the share buybacks under the remaining program through fiscal 2028. Nvidia shares were up 2.6%.

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According to related disclosures, OPEC+ decided at its Sunday meeting to keep oil production quotas unchanged for November. This decision aligns with OPEC+'s previous market adjustment pace. Subsequently, the alliance of oil-producing countries will dynamically assess future production policy directions based on changes in international crude oil market supply and demand, geopolitical factors, and other variables to ensure the stable operation of the crude oil market.

智通财经•2026/10/04 12:46

OPEC+ keeps November oil production quotas unchanged

According to a statement, OPEC+ decided during the Sunday meeting to maintain the oil production quotas set for November.

智通财经•2026/10/04 11:31

United Airlines and American Airlines increase Japan routes to capitalize on weak yen demand

Market News: United Airlines and American Airlines are increasing flights to Japan to capitalize on the demand driven by the weakening yen.

智通财经•2026/10/04 09:46

Toshiba's expansion cannot shake the dominance of the two major hard disk manufacturers

404k•2026/10/04 07:19