Sector Update: Tech

Last Updated: Wednesday, January 26, 2022 3:40 PM | MT Newswires

Technology stocks were little changed, giving back most of their earlier surge, with the SPDR Technology Select Sector ETF (XLK) rising 0.3% and the Philadelphia Semiconductor Index advancing 1.1% Wednesday afternoon. In company news, F5 (FFIV) fell 8.9% after the cloud-security company blamed supply-chain constraints for paring the revenue forecasts for its current Q2 and FY21 ending Sept. 30, upstaging better-than-expected results for its recently completed Q1.

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