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Sector Update: Tech Stocks Rise Premarket Thursday

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Technology stocks were rising premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 3.1% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 3%.

Microsoft (MSFT) shares were up more than 9% after the company reported higher fiscal Q4 adjusted earnings and revenue.

Meta Platforms (META) stock was down more than 9% after the company posted a decline in Q2 earnings, missing analysts' expectations.

Check Point Software Technologies (CHKP) shares were down more than 11% after the company reported Q2 revenue below analysts' expectations.

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