Sector Update: Tech

Last Updated: Tuesday, January 25, 2022 3:35 PM | MT Newswires

Technology stocks retreated Tuesday, with the SPDR Technology Select Sector ETF (XLK) sinking 1.9% and the Philadelphia Semiconductor Index falling 2.9% this afternoon. In company news, International Business Machine (IBM) climbed 5.5% after it breezed past analyst estimates with its Q4 sales and earnings as demand for technology and consulting services produced more than $1 billion of extra revenue for the tech giant following the spinoff of its Kyndryl Holdings (KD) managed infrastructure-services business.

Share this article:

Related Companies

You May Also Like