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JFrog shares drop amid tech sector rotation as defense stocks rally on Trump budget proposal

Shares of software supply chain platform JFrog (NASDAQ:FROG) fell 4.7% in morning trading on January 8, 2026, as part of a broader market rotation out of the technology sector.

The decline came amid profit-taking in high-growth tech stocks following a strong recent rally, particularly in artificial-intelligence-related names.

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Defence

Parsons secures $392M federal biometrics contract for national security

Parsons Corporation (NYSE:PSN) announced on Monday that it has been awarded a ten-year, $392 million single-award contract by an undisclosed federal customer.

The win represents "new work" for the Chantilly-based defense technology provider, further solidifying its position in the rapidly expanding market for mobile identity management and biometric security.

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