08:50 AM EDT, 07/15/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday, with the SPDR S&P Semiconductor ETF (XSD) inactive and the Technology Select Sector SPDR Fund (XLK) was up 0.5% recently.

SolarEdge Technologies ( SEDG ) is eliminating roughly 400 employees as part of cost-cutting measures, the company said in a regulatory filing. SolarEdge Technologies ( SEDG ) fell past 7% pre-bell.