08:38 AM EDT, 06/18/2024 (MT Newswires) -- Technology stocks were advancing premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) was up 0.3% and the iShares Expanded Tech Sector ETF (IGM) was 4.5% higher recently.

Quantum (QMCO) slumped by more than 38% after reporting that it swung to a fiscal 2024 non-GAAP net loss as revenue fell during the period.