Sector Update: Tech Stocks Rise Premarket Thursday
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.