Sector Update: Tech Stocks Advance Pre-Bell Tuesday
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Technology stocks are rising pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) up 3%. Micron Technology (MU) shares increased over 4% as it began construction on a new wafer production site in Singapore. Conversely, Roper Technologies (ROP) saw a decline of over 6% after reporting Q4 revenue below expectations. D-Wave Quantum (QBTS) shares rose more than 4% following a $20 million agreement with Florida Atlantic University for a quantum computer installation.
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