Sector Update: Tech

Last Updated: Wednesday, October 5, 2022 1:36 PM | MT Newswires

Technology stocks were back on positive ground this afternoon, with the SPDR Technology Select Sector ETF (XLK) rising fractionally while the Philadelphia Semiconductor Index was gaining 0.6%.

In company news, Nauticus Robotics (KITT) rallied Wednesday, with shares of the autonomous underwater vehicle company rising over 66% after it announced a new contract from the US Defense Innovation Unit for an amphibious robot using the company's ToolKITT command and control software platform.

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