Sector Update: Tech Stocks Advance Premarket Friday

Technology stocks were advancing premarket Friday, with the Technology Select Sector SPDR Fund XLK up 2.4% and the SPDR S&P Semiconductor ETF XSD 2.1% higher recently.

Apple AAPL rose more than 7% after the company's earnings and sales beat market expectations while announcing an additional share-buyback program.

Block SQ was advancing more than 9% after it reported higher Q1 adjusted earnings and net revenue.

Trimble TRMB was more than 4% higher after it reported Q1 non-GAAP earnings and revenue that topped market expectations.