Morningstar

Tech Up as Traders Chase Gains — Tech Roundup

Provided by Dow Jones

Shares of technology companies ticked up as traders continued to chase gains in the sector.

The SPDR Select Sector Technology exchange-traded fund, which tracks the tech sector of the S&P 500, is now up by about 7.6% for the year to date, reversing a significant decline earlier in the year.

Dutch chip-equipment maker ASM International posted strong sales for the first quarter as chip makers continue to invest in tools to make increasingly sophisticated semiconductors in a bid to satisfy booming demand for artificial intelligence.

Apple shares fell after Tim Cook, the longtime leader of the iPhone maker, said he was stepping down, handing the reins to veteran engineer John Ternus.

Shares of HP and Dell Technologies rallied after rumors that Nvidia was weighing a bid for a major personal-computer manufacturer. Nvidia denied the rumors. 




  Write to Rob Curran at rob.curran@dowjones.com 



  (END) Dow Jones Newswires



  April 21, 2026 18:44 ET (22:44 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

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