09:10 AM EDT, 08/01/2024 (MT Newswires) -- Technology stocks were mixed pre-bell Thursday with the Technology Select Sector SPDR Fund ( XLK ) up 0.3% and the SPDR S&P Semiconductor ETF ( XSD ) 0.4% lower recently.

Meta Platforms ( META ) shares rose more than 9% after it reported a bigger-than-expected jump in Q2 earnings and sales.

Arm Holdings ( ARM ) shares fell past 11% after the company said it expects fiscal Q2 non-GAAP diluted EPS of $0.23 to $0.27, falling short of the $0.28 forecast from analysts polled by Capital IQ.

Qualcomm ( QCOM ) shares were down by more than 2%, offsetting a portion of its more than 8% increase from Wednesday after it reported higher fiscal Q3 non-GAAP diluted earnings and revenue.