09:06 AM EDT, 07/31/2024 (MT Newswires) -- Technology stocks rose in premarket hours Wednesday as the Technology Select Sector SPDR Fund ( XLK ) was up 2.4% and the SPDR S&P Semiconductor ETF ( XSD ) was almost 6% 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 over 7% premarket.

Advanced Micro Devices ( AMD ) shares were up over 7% after it reported higher Q2 non-GAAP earnings and revenue.

CDW (CDW) shares declined by over 4% after it reported lower Q2 non-GAAP earnings and net sales.