Shares of technology companies fell sharply after a strong services data report and loosened Covid restrictions in China generated a jump in Treasury yields.
Foxconn Technology Group's November revenue dropped sharply from a year earlier, reflecting the response to a Covid-19 outbreak at the world's biggest iPhone assembly site in Zhengzhou.
Salesforce said Stewart Butterfield, chief executive and co-founder of the messaging app Slack Technologies, will leave the company next month.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-05-22 1718ET
