Sector Update: Tech

Last Updated: Monday, November 29, 2021 3:37 PM | MT Newswires

Technology stocks continued to pace Monday's market recovery, with the SPDR Technology Select Sector ETF (XLK) rising 2.7% while the Philadelphia Semiconductor Index was advancing 3.9% this afternoon. In company news, Weibo (WB) declined 7.3% after Friday beginning a global offering of 11 million class A ordinary shares, consisting of 5.5 million new shares by the Chinese social media company and another 5.5 million shares now held by Sina Corp following the conversion of its class B Weibo shares.

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