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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3973 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A Votes: 0 Posted on Tuesday, January 25, 2022 - 11:45 am:    ector Briefing: Technology (150.84 -4.29) Ten out of eleven sectors trade in negative territory with top-weighted technology (-2.7%) trading at the bottom of the early leaderboard. However, many of the sector's influential components are fighting to stay above yesterday's lows. Key factors driving today's performance include: Continued pressure on growth stocks keeping the sector at the bottom of the January leaderboard. The tech sector is down 13.5% so far in January, trading only behind the consumer discretionary sector (-2.1%; -13.0% month-to-date) on this month's leaderboard. Underperformance among chipmakers. The PHLX Semiconductor Index is down 3.3% widening its January loss to 14.7%. The SOX Index currently trades right below its 200-day moving average and above yesterday's opening level. Notable movers: Xerox (XRX 19.77, -1.20, -5.7%): weakest performer in the sector, falling for the seventh consecutive day to its lowest level in nearly eight weeks. Company beat Q4 EPS expectations on below-consensus revenue and issued above-consensus revenue guidance for FY22. Lam Research (LRCX 591.46, -30.37, -4.9%): trading in the lower half of yesterday's range. Xilinx (XLNX 176.59, -8.92, -4.8%): trading near the midpoint of yesterday's range. Applied Materials (AMAT 134.68, -4.62, -3.3%): trading in the lower half of yesterday's range. Intuit (INTU 517.31, -17.37, -3.3%): falling to the midpoint of yesterday's range. AMD (AMD 113.14, -3.39, -2.9%): slipping toward its 200-day moving average (108.86) after bouncing off that level yesterday. NVIDIA (NVDA 228.10, -5.62, -2.4%): falling back to its 200-day moving average (221.18), which offered support yesterday. Company will reportedly abandon its acquisition of Arm Holdings and lose a $1.25 bln deposit. Micron (MU 81.06, -1.89, -2.3%): slipping to its 200-day moving average (79.64) after bouncing off that level yesterday. Microsoft (MSFT 289.69, -6.68, -2.3%): falling back below its 200-day moving average (292.94) after bouncing off that level yesterday. Texas Instruments (TXN 175.34, -3.00, -1.7%): trading in the lower half of yesterday's range ahead of tonight's release of quarterly results. Intel (INTC 51.09, -0.85, -1.6%): falling back below its 50-day moving average (51.50) after bouncing off that mark yesterday. Apple (AAPL 159.45, -2.17, -1.3%): trading in the upper half of yesterday's range. Visa (V 199.71, -2.14, -1.1%): trading near the midpoint of yesterday's range. IBM (IBM 133.07, +4.25, +3.3%): lone advancer in the sector, rising to its 200-day moving average (132.08) after beating Q4 expectations.