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Sector Update: Tech Stocks Higher in Wednesday Trading

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Technology stocks were advancing early Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.

SK Hynix (SKHY) will buy back and cancel 40 trillion South Korean won ($28.69 billion) of treasury shares as part of efforts to boost shareholder returns, the company said. SK Hynix stock was up more than 2% in early trading.

WhiteFiber (WYFI) shares were 23% lower after the company said it priced an upsized $270 million convertible senior notes offering.

Nebius Group (NBIS) stock was 6% lower after the company said it intends to offer $4.50 billion of convertible senior notes in a private offering to qualified institutional buyers.

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Sector Update: Financial Stocks Mixed Tuesday

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Sector Update: Energy Stocks Higher Late Afternoon

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