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Sector Update: Tech Stocks Rise Pre-Bell Wednesday
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Sector Update: Tech Stocks Rise Pre-Bell Wednesday
Apr 29, 2026 6:23 AM

09:08 AM EDT, 04/29/2026 (MT Newswires) -- Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 0.6% and the State Street SPDR S&P Semiconductor ETF ( XSD ) up 2.8%.

Seagate Technology Holdings ( STX ) stock was up more than 14% after the company posted higher fiscal Q3 non-GAAP earnings and revenue, and issued fiscal Q4 outlook above analysts' estimates.

Automatic Data Processing ( ADP ) shares were up more than 3% after the company reported higher fiscal Q3 adjusted earnings and revenue, and raised its 2026 outlook.

United Microelectronics ( UMC ) shares were up more than 8% after the company posted higher Q1 earnings and operating revenue.

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