09:14 AM EST, 11/08/2024 (MT Newswires) -- Technology stocks were declining premarket Friday as the Technology Select Sector SPDR Fund ( XLK ) was down 0.2% and the SPDR S&P Semiconductor ETF ( XSD ) was 2.6% lower recently.

Sony Group ( SONY ) shares advanced by over 6% after the company reported higher fiscal Q2 earnings and revenue. The company also raised its outlook for fiscal 2025 revenue.

Ubiquiti ( UI ) shares rose past 6% after the company reported higher fiscal Q1 non-GAAP earnings and revenue.

TELUS ( TU ) shares were up over 1% after the company reported higher Q3 adjusted earnings and revenue.