Sector Update: Tech

Last Updated: Monday, June 27, 2022 3:43 PM | MT Newswires

Technology stocks were finishing near their intra-day lows on Monday, with the SPDR Technology Select Sector ETF (XLK) falling 0.9% in late trade while the Philadelphia Semiconductor Index was sinking 0.2% this afternoon. In company news, Digital World Acquisition (DWAC) fell 9.8% after saying a federal grand jury in Manhattan late Friday delivered subpoenas seeking documents detailing its due diligence and other communications between the blank-check company, its financial advisors and the organizers of a new social media platform company for former US President Donald Trump.

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