Tech stocks were mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) edging up 0.1% and the SPDR S&P Semiconductor ETF (XSD) was down 0.17%.
The Philadelphia Semiconductor Index fell 0.4%.
In corporate news, Alphabet’s (GOOG) Google was fined 4.6 billion rubles ($50.8 million) by Moscow’s Tagansky court for failing to delete a series of videos on YouTube on the conflict in Ukraine and “information prohibited in Russia,” the Tass news agency reported Wednesday. Alphabet shares rose nearly 3%.
Nokia (NOK) shares were up 0.2% after Lumine said Wednesday it has signed a definitive agreement to buy Nokia’s Device Management and Service Management Platform businesses for 185 million euros ($270.3 million).
JinkoSolar (JKS) was down fractionally after it said Wednesday its board approved an 18-month extension for its $200 million buyback program through June 30, 2025.
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