09:13 AM EDT, 07/12/2024 (MT Newswires) -- Technology stocks were advancing premarket Friday as the Technology Select Sector SPDR Fund ( XLK ) was up 0.1% and the SPDR S&P Semiconductor ETF ( XSD ) was advancing by 5.3% recently.

Ericsson (ERIC) was up more than 2% after it reported a Q2 revenue of 59.85 billion Swedish kronor ($5.67 billion), down from 64.44 billion kronor a year earlier but beating the 58.32 billion kronor estimate from analysts polled by Capital IQ.

Karooooo ( KARO ) fell past 3% after it filed a prospectus for an offering of 6 million shares from time to time by a selling shareholder.

AT&T ( T ) was nearly 2% lower after saying customer data was illegally downloaded from its workspace on a third-party cloud platform in April and it is working with the authorities to arrest those involved in the cybersecurity incident.