08:44 AM EST, 12/13/2024 (MT Newswires) -- Technology stocks were advancing premarket Friday as the Technology Select Sector SPDR Fund (XLK) was 1% higher and the SPDR S&P Semiconductor ETF (XSD) was up 2.9% recently.

Broadcom ( AVGO ) shares rose past 17% after the company reported higher fiscal Q4 non-GAAP net income and revenue. The company also raised its quarterly dividend by 11%.