Sector Update: Tech Stocks Advance Premarket Thursday

MT Newswires Live

07/31

Technology stocks were advancing premarket Thursday, with The Technology Select Sector SPDR Fund (XLK) up 1.5% and the SPDR S&P Semiconductor ETF (XSD) 0.2% higher.

Meta Platforms (META) stock was up more than 11% after the company overnight reported higher Q2 earnings and revenue.

Microsoft (MSFT) shares were up over 8% after the company posted late Wednesday higher fiscal Q4 earnings and revenue.

ASE Technology Holding (ASX) stock was more than 2% lower after the company posted a decline in Q2 earnings.

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