Shares of technology companies fell as traders rotated into sectors less vulnerable to rising Treasury yields.
Higher Treasury yields are seen as shifting risk calculations for stock-portfolio management, and recent yield increases have often spurred selling of growth sectors such as technology.
Apple is telling office staff to prepare to return to the workplace at least most of the time, joining the growing pool of companies adopting hybrid work.
Motorola Solutions plans to spend more on developing body cameras and other video-security tools as it seeks to bulk up its presence in the sector.
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(END) Dow Jones Newswires