09:05 AM EDT, 08/08/2024 (MT Newswires) -- Technology stocks were advancing premarket Thursday with the Technology Select Sector SPDR Fund ( XLK ) up 1.3% and the SPDR S&P Semiconductor ETF ( XSD ) 1.9% higher recently.

Bumble (BMBL) shares fell past 39% after it lowered its 2024 revenue growth outlook.

CyberArk Software ( CYBR ) shares were up over 5% after it reported increases in Q2 non-GAAP net income and revenue. The company also raised its full-year guidance for non-GAAP net income per share and revenue.

Datadog ( DDOG ) shares rose by more than 6% after it reported higher Q2 adjusted earnings and revenue. The company also raised its guidance for full-year adjusted earnings per share and revenue.