08:42 AM EDT, 07/31/2024 (MT Newswires) -- Technology stocks rose in premarket hours Wednesday, with the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) were 2.1% higher recently.

ASML ( ASML ) is expected to be in a list of chip companies that would be exempt from a sweeping new trade restriction targeting China, media reports said Tuesday, citing people familiar with the matter. ASML ( ASML ) shares were up 7.3% premarket.