Shares of technology companies finished more or less flat, rebounding from a rout earlier in the session, as traders continued to tread gingerly around the sector in light of rising Treasury yields.
Portfolio allocations to the high-risk tech sector are affected by changes in the relatively risk-free returns on Treasurys.
In a major videogame deal Take-Two Interactive Software agreed to buy Zynga in a roughly $11 billion deal as the maker of Grand Theft Auto seeks to expand its mobile portfolio with hits like Words With Friends and FarmVille.
Microsoft's augmented-reality team has lost around 100 people in the past year as the battle heats up with rivals such as Facebook owner Meta for workers with skills to build the metaverse, The Wall Street Journal reported.
Senior U.S. security officials said Monday they hadn't yet seen significant disruptive or destructive cyberattacks, such as ransomware attacks, linked to a massive internet flaw discovered one month ago, but warned that the bug could aid the nefarious activity of criminals and foreign governments for months or years to come.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-10-22 1710ET
