Tech stocks were mixed Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) off 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.7%.
The Philadelphia Semiconductor index rose 0.5%.
In corporate news, Intel (INTC) said Tuesday it has priced a public offering of about 210.5 million shares at $95 each. The offering was upsized to $20 billion from $15 billion. The offering was multiple-times oversubscribed, and about 33% of investors who placed orders didn't receive shares, Bloomberg reported. Intel shares were up 0.3%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.