09:12 AM EDT, 07/24/2024 (MT Newswires) -- Technology stocks were declining premarket Wednesday, with The Technology Select Sector SPDR Fund ( XLK ) down 1.3% and the SPDR S&P Semiconductor ETF ( XSD ) 1.2% lower.

Seagate Technology ( STX ) shares were up over 2% after the company overnight reported that it swung to fiscal Q4 earnings as revenue increased.

Tower Semiconductor ( TSEM ) stock was more than 4% lower after the company reported Q2 revenue of $351.2 million, compared with $357.2 million a year earlier.

TE Connectivity ( TEL ) shares were 0.4% lower after the company reported fiscal Q3 net sales of $3.98 billion, down from $4 billion a year earlier.