Sector Update: Tech
Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher. Broadcom (AVGO) stock was up more than 4% after the company said in a regulatory filing that it has entered into new multi-year agreements with Apple (AAPL) to develop and supply it with a range of custom application-specific integrated circuit silicon products for use in multiple generations of its products.
Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher.
Broadcom (AVGO) stock was up more than 4% after the company said in a regulatory filing that it has entered into new multi-year agreements with Apple (AAPL) to develop and supply it with a range of custom application-specific integrated circuit silicon products for use in multiple generations of its products.