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Sector Update: Tech

MT Newswires Live2024-07-17

Sector Update: Tech

Technology stocks were declining premarket Wednesday, with The Technology Select Sector SPDR Fund (XLK) down 2% and the SPDR S&P Semiconductor ETF (XSD) 0.7% lower.

GitLab (GTLB) is considering a sale after attracting acquisition interest, Reuters reported, citing people familiar with the matter. GitLab shares were up past 12% pre-bell.

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