Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.3%.
The Philadelphia Semiconductor index shed 4.7%.
In corporate news, Alphabet's (GOOGL) Google is months behind schedule on delivering its most powerful AI model -- Gemini 3.5 Pro -- due to its efforts to improve its capabilities, especially in coding, Bloomberg reported. Alphabet shares were down 4.7%.
(Updates with Q3 and 2026 guidance in the fifth and sixth paragraphs.)United Airlines (UAL) reported fiscal Q2 adjusted earnings late Wednesday of $1.99 per diluted share, down from $3.87 a year earlier.Analysts polled by FactSet expected $1.88.Revenue for the three months ended June 30 was $17.67 billion, up from $15.24 billion a year earlier.Analysts expected $17.62 billion.For Q3, the company expects adjusted EPS of $2.50 to $3.50. Analysts expect $3.53.For the full year 2026, the company currently expects adjusted EPS of $9.00 to $11.00. Analysts expect $10.47.
Major digital assets were mixed Wednesday, with Bitcoin (BTC-USD) holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 0.5% in the past 24 hours. The Nasdaq rose 0.6%, the S&P 500 gained 0.4%, and the Dow Jones Industrial Average climbed 0.2%.Bitcoin increased 0.5% to $64,898, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 1.3% to $28.5 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, rose 2.4% to $1,925.XRP (XRP-USD) fell 0.6%, BNB (BNB-USD) declined 0.1%, and Solana (SOL-USD) eased 0.1%. Dogecoin (DOGE-USD) dropped 0.7%, while Cardano (ADA-USD) increased 0.1%.The US 10-year Treasury yield stood at 5.076% at 3 p.m. ET Wednesday, down from 5.098% Tuesday, while the five-year yield dropped to 4.255% from 4.319%.The total market value of the cryptocurrency industry rose 0.6% in the past 24 hours to $2.23 trillion, with trading volume declining 2.5% to $69.1 billion.Price: $64922.43, Change: $-52.32, Percent Change: -0.08%
ZoomInfo Technologies (GTM) said Wednesday it released a rebuilt version of its Chrome browser tool to accelerate searches and read webpage data more comprehensively.Price: $3.09, Change: $+0.07, Percent Change: +2.32%