Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher

Shares of tech companies soared following President Donald Trump's announcement that he will place a 90-day pause on tariffs for countries that have not retaliated against U.S. trade measures. Markets rose on the news, driven higher by tech stocks. 

The Details: Technology was the top performing sector in the S&P 500 on Wednesday with the Technology SPDR Select Sector Fund (NYSE:XLK) gaining 13.43% in the session. Microsoft Corp. (NASDAQ:MSFT), the fund's largest holding, rose 10.13% and its second-largest holding, Apple, Inc. (NASDAQ:AAPL), climbed 15.33% in its ...

https://www.benzinga.com/news/large-cap/25/04/44725578/technology-stocks-outperform-after-trumps-tariff-pause-microchip-technology-amd-lead-sector-higher