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Sector Update: Tech

May 16, 2024 6:26 AM

08:48 AM EDT, 05/16/2024 (MT Newswires) -- Technology stocks were edging higher premarket Thursday as the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) were both recently up 0.2%.

Cisco Systems ( CSCO ) was over 1% higher after the company reported fiscal Q3 earnings and sales that beat market expectations while raising its full-year revenue guidance range.

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