Sector Update: Tech

Last Updated: Wednesday, August 10, 2022 3:27 PM | MT Newswires

Technology stocks were extending their mid-week advance, with the SPDR Technology Select Sector ETF (XLK) rising 2.6% and the Philadelphia Semiconductor Index gaining 4.1% this afternoon. In company news, Vertex (VERX) gained nearly 17% after the tax-compliance software company reported a 13.7% increase in Q2 revenue compared with year-ago levels, rising to $119.3 million and exceeding the $116.8 million analyst mean.

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