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Sector Update: Tech
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Sector Update: Tech
Mar 8, 2024 1:35 PM

03:32 PM EST, 03/08/2024 (MT Newswires) -- Tech stocks were falling late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 1.3% and the SPDR S&P Semiconductor ETF (XSD) slumping 2.5%.

The Philadelphia Semiconductor Index dropped 3.6%.

In corporate news, BigBear.ai ( BBAI ) shares tumbled almost 32% after it reported Q4 results late Thursday that trailed analyst estimates.

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