technology sector
📖 Definitions
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The part of the economy that consists of companies involved in the development, production, and distribution of technology products and services, such as software, hardware, telecommunications, and internet services.; A specific industry classification used in financial markets to group stocks of companies primarily engaged in technological innovation and digital services.
💬 Examples
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Investors are closely monitoring the performance of the technology sector this quarter.
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The rally was primarily fueled by exceptional gains within the technology sector.