Sector Update: Tech

Last Updated: Wednesday, June 29, 2022 3:46 PM | MT Newswires

Technology stocks were hanging on again for narrow gains on Wednesday, with the SPDR Technology Select Sector ETF (XLK) rising 0.1%, although the Philadelphia Semiconductor Index was sliding almost 2.5% this afternoon.

In company news, Elbit Systems (ESLT) climbed 4.6% after the Israeli avionics company said it received a 15-month contract valued at around $220 million to supply an unnamed Asia-Pacific nation with its Lizard precision laser-guidance system for general-purpose airborne warheads.

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