Sector Update: Tech

Last Updated: Friday, September 30, 2022 3:47 PM | MT Newswires

Technology stocks continued to lose more ground Friday afternoon, with the SPDR Technology Select Sector ETF (XLK) falling 1.2% and the Philadelphia Semiconductor Index slipping 1.1% this afternoon.

In company news, Bynd Cannasoft Enterprises (BCAN) slid 1% after the customer relationship management software firm disclosed plans for a CA$649,500 ($471,500) private placement of 150,000 common shares at CA$4.33 apiece, with the offering limited to investors in Israel only.

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