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Sector Update: Tech Stocks Edge Higher Pre-Bell Wednesday

MT Newswires ·  {{timeTz}}

09:12 AM EDT, 09/21/2022 (MT Newswires) -- Technology stocks were edging higher pre-bell Wednesday. The Technology Select Sector SPDR ETF (XLK) was up 0.4% and the Semiconductor Sector Index Fund (SOXX) gained 0.2%.

Schmitt Industries (SMIT) was down more than 3% after saying it has received a notice of termination regarding its non-binding term sheet to be acquired by Proton Green and the spin-off of Schmitt's Ample Hills business. As a result, the transactions will not proceed.

Tencent Music Entertainment Group (TME) said it is planning for a secondary listing of its class A ordinary shares on the Main Board of the Stock Exchange of Hong Kong . Tencent Music Entertainment Group was down more than 1% recently.

CGI (GIB) said it has teamed up with UiPath (PATH) to expand automation deployments among CGI clients via managed services. CGI was marginally lower recently.

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