Tech Cos Fall, as Jobs Data Stokes Inflation Fears, Flight From Risk -- Tech Roundup

Shares of technology companies tumbled, slipping into the red for the year to date as red-hot jobs data spurred inflation and interest-rate concerns.

Rising Treasury yields can trigger portfolio adjustments at the expense of high-risk sectors such as technology. The SPDR Select Sector Technology exchange-traded fund, which tracks the tech industry group of the S&P 500, fell by almost 3% and are down by more than 2% for 2025 so far.

The Supreme Court voiced skepticism of TikTok's challenge to a federal law requiring the China-based social-media app to shut down or find new owners by Jan. 19.

The European Commission approved Synopsys' $35 billion acquisition of Ansys after the companies offered to divest parts of their business to ease fears it could hinder competition.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-10-25 1745ET