Sector Update: Tech Stocks Fall Tuesday Afternoon

From Nasdaq: 2024-07-30 13:59:51

Tech stocks, including XLK and XSD, saw declines Tuesday afternoon, with the Philadelphia Semiconductor index dropping 3.2%. Meta Platforms reached a $1.4 billion settlement with Texas over biometric data collection allegations, causing Meta shares to fall by 0.7%.

Alphabet’s partnership with Anthropic is under scrutiny by the UK antitrust regulator, while Alphabet shares rose by 0.1%. SmartRent shares plummeted by 18% after CEO Lucas Haldeman resigned from the company and its board.



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