Sector Update: Tech

Last Updated: Monday, October 18, 2021 3:43 PM | MT Newswires

Technology stocks added slightly to their earlier gains, with the SPDR Technology Select Sector ETF (XLK) Monday rising 0.7% while the Philadelphia Semiconductor Index was advancing 0.6% this afternoon. In company news, Gilat Satellite Networks (GILT) was 0.4% lower Monday afternoon, paring most of a 2.5% morning slide, after saying it has expanded its 4G network with a tier 1 mobile network operator in North America for disaster recovery and ongoing operational business needs. Financial terms of the new contract were not disclosed.

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