Technology Sector Update for 01/25/2023: EXTR, TIGO, APH
Technology stocks continue to weigh on the broader markets Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 0.9% while the Philadelphia Semiconductor Index was sliding 0.8%.
In company news, Extreme Networks (EXTR) tumbled more than 17% after the communications equipment company said Chief Financial Officer Remi Thomas will step down next month. Cristina Tate, the head of financial planning and analysis at Extreme, will be interim CFO until a permanent successor is selected, the company said.
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