During Wednesday’s trading, computer peripherals shares were among the market’s weakest performers, declining approximately 3% as a group. The sector’s decline was driven primarily by steep selloffs in major players, particularly Xerox Holdings, which fell roughly 12.6%, and Lantronix, trading lower by approximately 3.2% during the session.
The day’s weakness extended beyond computer peripherals into related sectors. Aerospace and defense equities also struggled on Wednesday, with the group declining about 1.7% overall. Within this sector, notable losers included Sidus Space, which traded down roughly 13.9%, and Planet Labs, which fell approximately 8.4% from the previous close.
The dual sector weakness highlighted broader market challenges facing industrial technology and aerospace companies, with computer peripherals particularly hard hit by the day’s selloff activity.
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Computer Peripherals and Defense Stocks Post Losses in Wednesday Session
During Wednesday’s trading, computer peripherals shares were among the market’s weakest performers, declining approximately 3% as a group. The sector’s decline was driven primarily by steep selloffs in major players, particularly Xerox Holdings, which fell roughly 12.6%, and Lantronix, trading lower by approximately 3.2% during the session.
The day’s weakness extended beyond computer peripherals into related sectors. Aerospace and defense equities also struggled on Wednesday, with the group declining about 1.7% overall. Within this sector, notable losers included Sidus Space, which traded down roughly 13.9%, and Planet Labs, which fell approximately 8.4% from the previous close.
The dual sector weakness highlighted broader market challenges facing industrial technology and aerospace companies, with computer peripherals particularly hard hit by the day’s selloff activity.
Disclaimer: These views reflect market data and do not necessarily represent the opinions of Nasdaq, Inc. or other financial institutions.