Sector Update: Tech

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Technology stocks were rising pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.

Oracle (ORCL) stock was up more than 7% after the company reported stronger-than-expected growth in fiscal Q1 adjusted earnings and sales and raised its full-year outlook.

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