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Sector Update: Tech

May 22, 2024 6:15 AM

08:49 AM EDT, 05/22/2024 (MT Newswires) -- Technology stocks were edging higher premarket Wednesday, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) recently advancing by 0.5%.

Analog Devices ( ADI ) rose past 5% after it reported lower fiscal Q2 adjusted earnings and revenue that still topped market expectations.

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