Tech Down on Flight From Risk — Tech Roundup
Shares of technology companies fell as traders continued to flee high-risk sectors.
The SPDR Select Sector Technology exchange-traded fund, which tracks the tech sector of the S&P 500, fell 2% and is now down by about 12% for the year to date.
The mega-cap tech stocks that are driving the artificial-intelligence boom have been even harder hit.
The Roundhill Magnificent Seven exchange-traded fund is down 15% for the year to date and roughly 20% from its all-time high in October.
One strategist said many analysts are raising earnings estimates for tech companies, even as they sell off heavily.
"You're starting to see where certain tech stocks are probably undervalued because they're growing so rapidly," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
Palo Alto Networks rose as analysts said an executive's $10 million purchase of the cybersecurity company's stock was a promising sign.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 30, 2026 17:59 ET (21:59 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for October
The 10 Best Companies to Invest in Now
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
3 Stocks to Invest In With More Room to Run
United States