Sector Update: Tech

Last Updated: Friday, November 26, 2021 12:46 PM | MT Newswires

Technology stocks were falling hard this afternoon, with the SPDR Technology Select Sector ETF (XLK) Friday dropping 2.0% while the Philadelphia Semiconductor Index was falling 2.3% this afternoon. In company news, Exela Technologies (XELA) was paring its earlier declines, slipping 0.4% late in Friday trading, after the transaction processor said it was extending the early tender deadline for its outstanding notes by an extra week to Dec. 1.

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