Sector Update: Tech Stocks Fall Late Afternoon

03:43 PM EDT, 10/15/2026 (MT Newswires) -- Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 0.9%. The Philadelphia Semiconductor index fell 1.1%. In corporate news, the EU is looking to expedite antitrust approval for a satellite venture that could rival SpaceX (SPCX), Bloomberg reported. The EU has had talks with Leonardo, Airbus and Thales over the past year about ironing out any potential regulatory concerns before the venture, called Project Bromo, is formally notified for approval, the report said. SpaceX shares were down 2.9%. Skydance's (SKYD) CNN said Thursday it signed a multiyear deal giving Alphabet's (GOOGL) Google expanded content rights to enable experimental generative AI features in Google products that can help drive engagement. Alphabet shares added 0.3%. Taiwan Semiconductor Manufacturing (TSM) shares fell 1.7% after it Q4 gross margin outlook indicated a sequential decline at the midpoint, while its revenue guidance came in ahead of market expectations. CCC Intelligent Solutions (CCC) said Thursday it has agreed to be acquired by a consortium led by GTCR and including Elliott Investment Management in an all-cash deal valuing the company at about $6.1 billion. CCC shares were down 0.3%.