Sector Update: Tech

MT Newswires Live

01/23

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) and the State Street SPDR S&P Semiconductor ETF (XSD) each adding 0.9%.

The Philadelphia Semiconductor index rose 0.6%.

In corporate news, Alibaba (BABA) shares jumped 6.2% after Bloomberg reported Thursday the company is planning an initial public offering for its T-Head chipmaking unit.

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