TNB Tech Minute: Tech Stocks Propel S&P 500 to New Heights

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.3 • 1.7K Ratings

🗓️ 19 January 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus: Apple will allow other companies’ apps in Europe to access mobile payments. And Wayfair will lay off 13% of its staff. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:28.1	Here's your Tn B Tech Minute for Friday, January 19th.
0:32.0	I'm Alex Oscela for the Wall Street Journal. A rally in technology
0:36.3	stocks has propelled the S&P 500 to an all-time high, rising 1.2 percent. An upbeat earnings report this week from chipmaker T.S.C.
0:45.6	spurred a resurgence in semiconductor stocks like Invidia,
0:49.1	advanced micro devices, and Broadcom.
0:51.7	Shares of Apple, which uses T. chips, rose 1.6%. The recent
0:56.8	comeback in shares of chipmakers echoes the excitement around artificial
1:00.2	intelligence companies that boosted the stock market last year.
1:05.0	Apple has agreed to let third-party mobile wallet and payment services in Europe use the technology
1:10.0	behind its Apple Pay app.
1:11.9	The move follows an investigation by the European Commission
1:14.5	into whether restricting access to the tech necessary for mobile devices to
	...

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