Technology Sector Update for 06/08/2023: GOOG, TSLA, EGIO
Tech stocks were higher in afternoon trading, with the Technology Select Sector SPDR Fund (XLK) and the Philadelphia Semiconductor index both up about 0.8%.
In company news, Alphabet (GOOG) unit Google announced several new features for Google News, including launching its News Showcase licensing program in the US. Alphabet shares shed 0.2%.
Tesla (TSLA) is discussing making an automotive investment in eastern Spain with regional government leaders, Reuters reported. The carmaker's shares were gaining 3.3%.