Tech stocks in afternoon trading mixed, with XLK rising 0.3% and XSD falling 1.1%. Meta Platforms shares slipped 0.2%

From Nasdaq: 2024-07-01 14:04:06

Tech stocks were mixed, with XLK rising 0.3% and XSD falling 1.1%. The Philadelphia Semiconductor index was down 0.5%. Meta Platforms shares slipped 0.2% due to breaching new digital competition laws in Europe.

French antitrust regulators are preparing charges against Nvidia for anticompetitive practices, causing shares to drop 0.3%. Inseego shares surged 22% after restructuring debt and convertible notes agreements.



Read more at Nasdaq: Sector Update: Tech Stocks Mixed in Afternoon Trading