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Sector Update: Tech

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Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.

The Philadelphia Semiconductor index was up 0.9%.

In corporate news, Meta Platforms (META) reached an agreement with the Breathitt County School District to settle a lawsuit alleging that addiction to top social media platforms has upended learning and forced public schools to spend large amounts of resources fighting a mental health crisis, Bloomberg reported. A Meta spokesperson toldvia email that the company has resolved this case amicably. Meta shares rose 0.3%.

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