Tech stocks were weaker late Wednesday, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.5% and the Philadelphia Semiconductor index falling 1.8%.
In company news, Alibaba (BABA) shares rose 0.3% after it signed a strategic cooperation pact with the Chinese province of Zhejiang to develop the digital economy, the Securities Times reported Wednesday.
D-Wave Quantum (QBTS) shares were up 4.7% after the company regained compliance with the New York Stock Exchange’s minimum share price requirement.
Rackspace Technology (RXT) said Wednesday it formed a partnership with online Google Cloud customer community C2C Global, expanding its Google Cloud offerings. Rackspace shares were down 5.7%.
Apple (AAPL) has lost its appeal in the UK over a patent infringement case against Optis Cellular Technology, Reuters reported Tuesday. Apple shares were shedding 0.6%.
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