XLK is trading at $188.30, up 1.66%, led by Apple, whose shares rose about 3.56% after unveiling its foldable iPhone Duo.
- Apple’s product catalyst is lifting the technology sector; August CPI broadly matching expectations has eased immediate inflation fears and supported a broad market rally.
- The move is partly offset by regulatory pressure on NVIDIA after the DOJ opened a probe into its Groq licensing deal.