09:18 AM EDT, 03/15/2024 (MT Newswires) -- Technology stocks were declining premarket Friday, with the Technology Select Sector SPDR Fund ( XLK ) 0.4% lower and the SPDR S&P Semiconductor ETF ( XSD ) marginally lower.

Jabil ( JBL ) was down more than 10% after it reported lower fiscal Q2 non-GAAP earnings and net revenue in addition to cutting its fiscal 2024 outlook.

Adobe (ADBE) was falling by more than 12% even after reporting higher fiscal Q1 non-GAAP net income and revenue.

GigaCloud Technology ( GCT ) was up over 13% after it reported higher Q4 earnings and revenue.