Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.1% and the Philadelphia Semiconductor index advancing 0.5%.
In company news, Alphabet (GOOG) is facing potential enforcement actions from the US House Judiciary Committee if the tech giant fails to comply in full with subpoena demands, according to the panel. Alphabet shares were rising 1.9%.
Apple (AAPL) plans to raise $5 billion from a five-part bond offering to include a 30-year bond that will pay 1.35% more than the current 30-year Treasury bond. Additionally, Berkshire Hathaway CEO Warren Buffett said he would increase his 5.6% stake in the company. Apple shares were little changed.
Amazon.com (AMZN) is launching a new unit, dubbed Amazon MGM Studios Distribution, to distribute its movies and television shows to third parties, media outlets reported. Amazon shares edged up 0.1%.
Zscaler (ZS) shares jumped more than 20% after the cloud-security company lifted its fiscal 2023 outlook and said its Q3 results are expected to surpass its own expectations.
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