SPY420.86+5.94 1.43%
DIA338.78+5.82 1.75%
IXIC14,141.48+111.10 0.79%

Sector Update: Tech

05/10/2021 11:46

03:34 PM EDT, 05/10/2021 (MT Newswires) -- Technology stocks fell hard Monday amid worries a potential increase in inflation could undermine growth sectors. At last look, the SPDR Technology Select Sector ETF was dropping 2.2% while the Philadelphia Semiconductor Index was falling 4.2% this afternoon.

In company news, Stratasys (SSYS) slid 6.2% after Berenberg Bank lowered its price target for the 3-D printer company by $1 to $30 a share and reiterated its buy rating.