The Technology sector (XLK) held steady during a trading day that saw the S&P 500 grow 0.1%.
While being down today, the ETF, as a proxy for sector performance, tracked farther from the overall market today than over the past month. Entering today's trading, XLK was down 3% over the last thirty trading days while the S&P 500 was down 3.3%.
Parametric Sound (PAMT) was a significant gainer in the sector, rising 15.4%. The stock closed at $7.50 with 119,967 shares moving. The stock traded in a range of $6.35 to $7.74.
Ubiquiti Networks (UBNT) was a major loser in the sector, falling 14.3% (-$2.27) to close at $13.63 with 1.5 million shares moving. The stock traded between $13.32 and $16.40.
CACI International (CACI) rose 10% to close at $49.50, cross its 50-day moving average of $49.48 and 200-day moving average of $55.63.
Baidu (BIDU) rose 2.8% to close at $122.46, approaching its 50-day moving average of $126.14. It has also moved closer to its 200-day moving average of $131.54.