09:08 AM EDT, 09/16/2024 (MT Newswires) -- Technology stocks were declining premarket Monday as the SPDR S&P Semiconductor ETF ( XSD ) was almost 2% lower and the Technology Select Sector SPDR Fund ( XLK ) was recently down 0.7%.

Stratasys ( SSYS ) shares advanced nearly 5% after the company said its board has authorized a stock buyback plan for up to $50 million ordinary shares.

Intel ( INTC ) has officially qualified for up to $3.5 billion in US government funding to make semiconductors for a secret military program, Bloomberg reported, citing unnamed sources. Intel ( INTC ) shares were up more than 2% pre-bell.

Hewlett Packard Enterprise ( HPE ) said Barclays ( JJCTF ) has struck a new private cloud contract for Hewlett's GreenLake Cloud as a tool for Barclays' ( JJCTF ) hybrid cloud strategy. Hewlett Packard Enterprise ( HPE ) shares were down more than 1% premarket.