08:58 AM EDT, 07/18/2024 (MT Newswires) -- Technology stocks were advancing premarket Thursday as the Technology Select Sector SPDR Fund (XLK) gained 1% and the SPDR S&P Semiconductor ETF (XSD) added 1.3% recently.

Infosys ( INFY ) was up more than 5% after it reported higher fiscal Q1 earnings and revenue. The Indian digital service provider also raised its fiscal 2025 revenue growth outlook.