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Tech Slips As Traders Seek Out Less Pandemic-Sensitive Sectors - Tech Roundup

11/30/2021 | 05:12pm EST

Shares of technology companies fell, but not by as much as the broad market, as traders sought out sectors less sensitive to another major wave of Covid-19 infections.

"If we stay at home more tech wins, if we go back to the office, tech still wins," said Oliver Pursche, vice president of financial advisory Wealthspire. "Because if you go back to the office, you're still going to have client meetings via Zoom, and you're still going to want the added efficiencies."

Shares of tech giant Apple rose, as traders bet demand for apps and online services would rise if in-person activities were restricted by renewed outbreak fears worldwide.

Salesforce.com fell ahead of the business software maker's earnings report.

Activist investor Jana Partners urged customer-service platform Zendesk to abandon a deal it struck to buy the parent of web-survey company SurveyMonkey. Shares of Zendesk rallied in the wake of reports on the initiative.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-30-21 1712ET

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