From Nasdaq:

Tech stocks, including XLK and XSD, were up Monday afternoon, with the Philadelphia Semiconductor index gaining 1.8%. However, Apple (AAPL) faced a €1.8 billion fine from the EU for alleged market abuse, leading to a nearly 3% drop in its shares.

Iridium Communications (IRDM) saw a 2.7% decline after announcing plans to acquire Satelles for about $115 million. Meanwhile, Blackbaud (BLKB) intends to repurchase 7-10% of its common stock as part of a $500 million buyback program, boosting its shares by 1.9%.



Read more at Nasdaq: Technology Sector Update for 03/04/2024: AAPL, IRDM, BLKB