Sector Update: Tech
MT newswire2026/08/26 19:04Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:04 PM EDT, 08/26/2026 (MT Newswires) -- Tech stocks advanced late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.9% and the State Street SPDR S&P Semiconductor ETF (XSD) fractionally higher. The Philadelphia Semiconductor Index added 0.3%. In corporate news, Amazon-backed (AMZN) Anthropic will spend $45 billion to rent about 460 megawatts of AI cloud computing power from Nscale's flagship data center in West Virginia over six years, Bloomberg reported. Amazon shares were down 0.5%.
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