Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the Philadelphia Semiconductor index fractionally lower.
In company news, Apple (AAPL) is considering making a bid for Formula One global TV rights, BusinessF1 magazine reported in its October issue, quoting unnamed sources. Apple shares gained 1.3%.
Jumia Technologies (JMIA) said it has reached an agreement with Elon Musk’s Starlink, a satellite internet service, to retail the Starlink Residential Kit in Africa. Jumia shares rose over 3%.
Alphabet’s (GOOG) Google on Monday introduced the Chromebook Plus laptop series that features built-in Google applications and artificial intelligence capabilities. Its shares rose 1.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.