Shares of technology companies fell as traders continued to take profits on the sector's banner 2024 performance.
The SPDR Select Sector Materials exchange-traded fund, which tracks the tech industry group of the broad S&P 500, is down 3% for the year to date, in contrast to the 5% gain for 2024 laggard energy.
Meta Platforms said it was cutting about 5% of its employees, targeting underperformers.
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(END) Dow Jones Newswires
01-14-25 1731ET