Sector Update: Tech Stocks Retreat Friday Afternoon

MT Newswires Live

Jan 11, 2025

Tech stocks dropped Friday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.7% and the SPDR S&P Semiconductor ETF (XSD) slipping 1.9%. The Philadelphia Semiconductor index fell 2%.

In corporate news, Synopsys (SNPS) won approval from the European Commission for its $35 billion acquisition of Ansys (ANSS). The commission said the clearance was conditional on Synopsys and Ansys divesting some assets. Synopsys shares declined 1.6%, and Ansys shed 1.1%.

Infosys (INFY) filed a counterclaim against Cognizant (CTSH) in a US court, accusing the firm and its Chief Executive Ravi Kumar of anticompetitive tactics, media outlets reported. Infosys shares rose 0.6%, and Cognizant shed 0.3%.

Microsoft-backed (MSFT) OpenAI is facing a call by Tesla (TSLA) Chief Executive Elon Musk to auction off a major stake in its business to decide the fair value of its charitable assets during its corporate restructuring, Reuters reported Thursday. Microsoft shares were down 0.5%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2502581550"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2502581550\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2502581550?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-11 02:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2502581550","market":"sh","top_or_hot":-1,"title":"Sector Update: Tech Stocks Retreat Friday Afternoon","media":"MT Newswires Live","content":"<html><body><p> Tech stocks dropped Friday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.7% and the SPDR S&amp;P Semiconductor ETF (XSD) slipping 1.9%. The Philadelphia Semiconductor index fell 2%.</p><p>In corporate news, Synopsys (SNPS) won approval from the European Commission for its $35 billion acquisition of Ansys (ANSS). The commission said the clearance was conditional on Synopsys and Ansys divesting some assets. Synopsys shares declined 1.6%, and Ansys shed 1.1%.</p><p>Infosys (INFY) filed a counterclaim against Cognizant (CTSH) in a US court, accusing the firm and its Chief Executive Ravi Kumar of anticompetitive tactics, media outlets reported. Infosys shares rose 0.6%, and Cognizant shed 0.3%.</p><p>Microsoft-backed (MSFT) OpenAI is facing a call by Tesla (TSLA) Chief Executive Elon Musk to auction off a major stake in its business to decide the fair value of its charitable assets during its corporate restructuring, Reuters reported Thursday. Microsoft shares were down 0.5%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Tech Stocks Retreat Friday Afternoon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Tech Stocks Retreat Friday Afternoon\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-11 02:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Tech stocks dropped Friday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.7% and the SPDR S&amp;P Semiconductor ETF (XSD) slipping 1.9%. The Philadelphia Semiconductor index fell 2%.</p><p>In corporate news, Synopsys (SNPS) won approval from the European Commission for its $35 billion acquisition of Ansys (ANSS). The commission said the clearance was conditional on Synopsys and Ansys divesting some assets. Synopsys shares declined 1.6%, and Ansys shed 1.1%.</p><p>Infosys (INFY) filed a counterclaim against Cognizant (CTSH) in a US court, accusing the firm and its Chief Executive Ravi Kumar of anticompetitive tactics, media outlets reported. Infosys shares rose 0.6%, and Cognizant shed 0.3%.</p><p>Microsoft-backed (MSFT) OpenAI is facing a call by Tesla (TSLA) Chief Executive Elon Musk to auction off a major stake in its business to decide the fair value of its charitable assets during its corporate restructuring, Reuters reported Thursday. Microsoft shares were down 0.5%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1119994496.HKD","symbol_name":"FIDELITY WORLD \"A\" (HKD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2502581550","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502581550","pubTimestamp":1736535342,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Tech stocks dropped Friday afternoon with the Technology Select Sector SPDR Fund  falling 1.7% and the SPDR S&P Semiconductor ETF  slipping 1.9%. The Philadelphia Semiconductor index fell 2%.In corporate news, Synopsys  won approval from the European Commission for its $35 billion acquisition of Ansys . The commission said the clearance was conditional on Synopsys and Ansys divesting some assets. Synopsys shares declined 1.6%, and Ansys shed 1.1%.Infosys  filed a counterclaim against Cognizant  in a US court, accusing the firm and its Chief Executive Ravi Kumar of anticompetitive tactics, media outlets reported. Infosys shares rose 0.6%, and Cognizant shed 0.3%.Microsoft-backed  OpenAI is facing a call by Tesla  Chief Executive Elon Musk to auction off a major stake in its business to decide the fair value of its charitable assets during its corporate restructuring, Reuters reported Thursday. Microsoft shares were down 0.5%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","INFY":"印孚瑟斯","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4598":"佩洛西持仓","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1032466523.USD":"高盛全球多资产收益组合Acc","XLK":"高科技指数ETF-SPDR","LU0879622024.SGD":"Schroder ISF Global Multi-Asset Income A Dis SGD-H","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","SNPS":"新思科技","TSLA":"特斯拉","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","MSFT":"微软","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","CTSH":"高知特","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","ANSS":"安斯科技","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","XSD":"SPDR S&P Semiconductor ETF","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","TSYW.SI":"TESLA 3xLongSG261006","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU0960925559.SGD":"Schroder ISF Global Multi-Asset Income A Acc SGD","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU1805238398.USD":"FIDELITY INDIA FOCUS \"A\" (USD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU1854104046.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU0197229882.USD":"富达印度焦点基金","LU0823411888.USD":"法巴消费创新基金 Cap"},"translate_title":"行业更新：科技股周五下午回落","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INFY":0.9,"TSLA":0.9,"TSYW.SI":0.6,"XLK":1,"MSFT":0.9,"CTSH":0.9,"XSD":1,"ANSS":0.9,"SNPS":0.9},"content_text":"Tech stocks dropped Friday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.7% and the SPDR S&P Semiconductor ETF (XSD) slipping 1.9%. The Philadelphia Semiconductor index fell 2%.In corporate news, Synopsys (SNPS) won approval from the European Commission for its $35 billion acquisition of Ansys (ANSS). The commission said the clearance was conditional on Synopsys and Ansys divesting some assets. Synopsys shares declined 1.6%, and Ansys shed 1.1%.Infosys (INFY) filed a counterclaim against Cognizant (CTSH) in a US court, accusing the firm and its Chief Executive Ravi Kumar of anticompetitive tactics, media outlets reported. Infosys shares rose 0.6%, and Cognizant shed 0.3%.Microsoft-backed (MSFT) OpenAI is facing a call by Tesla (TSLA) Chief Executive Elon Musk to auction off a major stake in its business to decide the fair value of its charitable assets during its corporate restructuring, Reuters reported Thursday. Microsoft shares were down 0.5%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}