Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Tech Down On Treasury Yield Fears, Risk Aversion -- Tech Roundup

09/28/2021 | 04:56pm EDT

Shares of technology companies fell sharply as traders fled a sector seen as sensitive to rising Treasury yields and risk aversion.

In a reflection of changing mood on the stock market, the CBOE Volatility Index, known as the VIX, or "fear gauge," rose by 23% for the session.

Shares of Microsoft fell by more than 3%, the biggest decline for the software giant in almost a year.

Software-focused investment firm Thoma Bravo agreed to sell a 45% stake in Command Alkon, a provider of supply-chain-management software for the heavy construction industry, to building-materials concern HeidelbergCement for more than $1.7 billion, The Wall Street Journal reported.

Facebook said it plans to ask its Oversight Board to recommend ways the company can improve how it regulates content from high-profile users, acknowledging it has struggled in this area.

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

(END) Dow Jones Newswires

09-28-21 1655ET

Latest news "Economy & Forex"
10:06aDraftKings drops $22 billion pursuit of Ladbrokes owner Entain
10:02aChina's Modern Land misses bond payment; property shares drop
10:01aIndia targets major global firms for local battery manufacturing - sources
09:59aSibanye Stillwater agrees $1 billion deal for nickel, copper mines in Brazil
09:40aWall Street in Riyadh sees lingering inflation, oil hitting $100
09:39aBusiness leaders look to U.N. for deal toward carbon pricing
09:35aGM to resume limited production at EV plant in Michigan
09:26aOil prices edge towards new highs on short supply
09:26aThe Banking Supervision Department publishes updates to the Proper Conduct of Banking Business Directive dealing with AML/CFT
09:15aThird-quarter profits to sparkle for shale producers without hedges
Latest news "Economy & Forex"