Technology stocks were declining on Tuesday, with the Technology Select Sector SPDR Fund (XLK) falling 0.8% while the Philadelphia Semiconductor Index was sliding 1.4% in afternoon trading.
In company news, Maris-Tech (MTEK) added almost 13% after saying it received an order for its Jupiter AI platform from an Israeli defense contractor valued at around $1.1 million, marking its largest order yet.
Grid Dynamics (GDYN) gained 3.2% after the data analytics and digital consulting company said it was acquiring privately held cloud services firm Mutual Mobile. Financial terms were not disclosed.
Roblox (RBLX) declined 1% after GF Securities cut its stock rating for the online entertainment platform company to accumulate from buy previously and also reduced its price target for Roblox shares by $8.19 to $26.94.
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