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MARKETS LIVE BLOG:

STOCKS MIXED AS DOW EYES GAIN FOR 8TH STRAIGHT SESSION

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Tech is getting wrecked — three experts weigh in on whether the turmoil will continue

Rebecca Ungarino

Technology is the second-worst-performing sector in the S&P 500 in the last week, with names such as Applied Materials AMAT , Nvidia NVDA , Adobe ADBE and PayPal PYPL among the group's biggest losers in that time. Timothy Lesko, principal and partner at Granite Investment Advisors, said the recent downside isn't all due to rising interest rates and that older legacy technology names may be better buys at this juncture. "I think technology companies aren't unique in their sensitivity to interest rates, it's just simply a lot of the go-go-growth companies have been living off a period of really low interest rates.

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