Tech Stocks Decline Amid Monday Afternoon Trading

Tech stocks fell on Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) leading the decline. The sector's performance was a contrast to the broader market, which saw gains in other sectors. The decline in tech stocks was driven by concerns over rising interest rates and the impact of inflation on the sector. Despite the decline, the ETF remains up for the year, with a gain of around 7%.