Sector Update: Tech

03:23 PM EDT, 10/21/2026 (MT Newswires) -- Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%. The Philadelphia Semiconductor index climbed 1.9%. In corporate news, Meta Platforms (META) was ordered to pay New Mexico $25 billion after a jury determined the tech giant was liable for deceiving Facebook users about privacy policies, according to media reports. Meta shares were up 1%.