09:02 AM EDT, 07/22/2024 (MT Newswires) -- Technology stocks were advancing premarket Monday as the Technology Select Sector SPDR Fund ( XLK ) was 1.2% higher and the SPDR S&P Semiconductor ETF ( XSD ) was up 1.3% recently.

Kaspi.kz (KSPI) rose past 5% after it reported higher Q2 net income and revenue.

Verizon Communications ( VZ ) was over 3% lower after it reported Q2 adjusted earnings of $1.15 per share, down from $1.21 a year earlier.

Daqo New Energy ( DQ ) was up more than 7% after saying its board has approved a $100 million share repurchase program, effective immediately until June 30, 2025.