Sector Update: Tech

Last Updated: Wednesday, January 19, 2022 3:41 PM | MT Newswires

Technology stocks turned lower this afternoon, with the SPDR Technology Select Sector ETF (XLK) Wednesday dropping 0.8% while the Philadelphia Semiconductor Index was declining 2.5% this afternoon. In company news, Progress Software (PRGS) slid 5% after the enterprise software firm projected non-GAAP earnings and revenue for fiscal Q1 trailing Wall Street expectations.

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