08:46 AM EDT, 07/02/2024 (MT Newswires) -- Technology stocks were declining premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.7% and the SPDR S&P Semiconductor ETF (XSD) recently fell by 10%.

Versus Systems ( VS ) surged past 68% after the company announced a strategic restructuring and the appointment of Curtis Wolfe as interim chief executive officer starting immediately.