Tech stocks were mixed late afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the Philadelphia Semiconductor index down 0.5%.
In corporate news, Li-Cycle (LICY) shares slumped 47% after the company said it is pausing construction of its Rochester Hub project in upstate New York to review its scope, budget, and construction strategy because of rising costs.
CrowdStrike (CRWD) rose 0.6% after the company said it made more than $1 billion of software sales through Amazon.com’s (AMZN) Amazon Web Services marketplace.
Inpixon (INPX) said it agreed to sell its Inpixon Ltd unit to Canada’s Damon Motors. Inpixon shares jumped 15%.
Okta (OKTA) shares dropped 7.4% after the company said a threat actor gained unauthorized access to its support case management system using stolen credentials.
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