09:08 AM EDT, 05/15/2024 (MT Newswires) -- Technology stocks were advancing pre-bell Wednesday as the Technology Select Sector SPDR Fund ( XLK ) was up 0.5% and the SPDR S&P Semiconductor ETF ( XSD ) was 1.2% higher recently.

Monday.com ( MNDY ) rose past 20% after it reported higher Q1 non-GAAP earnings and revenue.

DLocal ( DLO ) was retreating by over 32% after the company's Q1 earnings slumped, almost halving from a year ago.

Dynatrace ( DT ) advanced by nearly 9% after it reported higher fiscal Q4 revenue. The company also said its board approved an up to $500 million share buyback plan.