Sector Update: Tech

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

Technology stocks were finishing near the Monday intra-day highs, with the SPDR Technology Select Sector ETF (XLK) rising 3.5% while the Philadelphia Semiconductor Index was gaining 4.3% this afternoon. In company news, Flexible Solutions International (FSI) climbed more than 40% after the environmental technologies company Monday said it had terminated its proposed merger with Lygos but said the decision to scrap the deal would not prevent the companies from working together to produce sustainable aspartic acid.

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