Sector Update: Tech

Sector Update: Tech

MT newswire2026/10/16 19:24

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03:24 PM EDT, 10/16/2026 (MT Newswires) -- Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.7%. The Philadelphia Semiconductor index shed 3.2%. In corporate news, the UK's Competition and Markets Authority plans to require Apple (AAPL) to allow users to choose alternatives to Apple Pay when using the iPhone's tap-to-pay feature, the Financial Times reported. The CMA is set to publish proposals for consultation next week arguing that Apple exercises unfair power over the UK's tap-to-pay market, the report said. Apple shares were up 0.2%.

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Apple has officially released the first test versions of iOS 27.3 and watchOS 27.3 to developers, with the full version expected to launch in December. Among the new features, the AI listening function requires the microphone to remain constantly on, enabling real-time monitoring and summarization of nearby conversations, which may potentially violate eavesdropping laws in certain U.S. states. The updated Health app can monitor heart rate, vital signs, step count, and other fitness indicators, and can estimate a user's physiological age based on their health data.

华尔街见闻•2026/11/03 21:27