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Sector Update: Tech Stocks Rise Premarket Friday

MT Newswires Live
Jul 24

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.9% higher.

Intel (INTC) stock was up more than 2% after the company reported that it swung to fiscal Q2 adjusted earnings as revenue increased during the period.

Oracle (ORCL) won an enterprise software agreement from the US Department of War with a potential value of up to $7 billion over a 10-year term, the department said. Shares of Oracle were up more than 1% pre-bell.

Salesforce (CRM) shares were up more than 1% after the company said the US Department of Veterans Affairs awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.

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