08:44 AM EDT, 05/08/2024 (MT Newswires) -- Technology stocks were mixed pre-bell Wednesday, with the Technology Select Sector SPDR Fund (XLK) down 0.4% and the SPDR S&P Semiconductor ETF (XSD) 0.3% higher recently.

Intel ( INTC ) was more than 2% lower after it updated its Q2 outlook after the US Commerce Department notified the company that it was revoking certain licenses for exports of consumer-related items to a customer in China, effective immediately. As a result, the company now expects Q2 revenue to remain in the original range of $12.5 billion to $13.5 billion but below the midpoint.