Sector Update: Tech

Last Updated: Tuesday, December 6, 2022 3:43 PM | MT Newswires

Technology stocks lost ground Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.5% and the Philadelphia Semiconductor Index sliding 2.8%.

In company news, Axon Enterprise (AXON) slid 7.8% after the non-lethal weapons company overnight disclosed plans for a $500 million private placement of convertible senior notes maturing in December 2027.

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