08:49 AM EDT, 07/29/2024 (MT Newswires) -- Technology stocks rose in Monday's premarket hours as the SPDR S&P Semiconductor ETF (XSD) was up 0.4% and the Technology Select Sector SPDR Fund (XLK) was 1.1% higher recently.

ON Semiconductor (ON) advanced by over 7% after it reported lower Q2 non-GAAP earnings and revenue that still topped forecasts from analysts polled by Capital IQ.