From Nasdaq: 2024-04-12 15:55:12

Tech stocks experienced a downturn with XLK dropping 1.6% and XSD tumbling 3.8%. The Philadelphia Semiconductor index also slid 3%. Apple’s appeal to throw out a UK class lawsuit over “excessive and unfair” developer commissions was rejected, causing its shares to rise 0.9%.

Microsoft-backed OpenAI demonstrated AI services for corporate use at events with Fortune 500 executives. Microsoft shares fell 1.5%. Epic Games called for Google to make its Play Store more accessible to competitors. Alphabet shares dropped 1.2%. NextPlat shares surged 27% after signing a business agreement with Progressive Care.



Read more at Nasdaq: Technology Sector Update for 04/12/2024: AAPL, MSFT, GOOG, NXPL