Sector Update: Tech Stocks Drop Wednesday Before Bell

Wednesday morning before the bell, technology stocks were falling. Recently, the Semiconductor Sector Index Fund and the Technology Select Sector SPDR ETF both had more than 1% declines.

After announcing that it has expanded its partnership with Centrica to provide services including application testing and management of its IT infrastructure landscape, Cognizant Technology Solutions' stock price rose by about 3%.

For businesses with "hybrid" work configurations, Logitech introduced its new multiple-angle tabletop camera solution. Recently, Logitech's price dropped by roughly 2%.