09:07 AM EDT, 08/26/2024 (MT Newswires) -- Technology stocks were flat to higher pre-bell Monday as the Technology Select Sector SPDR Fund ( XLK ) was unchanged and the SPDR S&P Semiconductor ETF ( XSD ) recently advanced by 0.2%.

Daqo New Energy ( DQ ) shares were down more than 7% after the company reported that it swung to an adjusted loss in Q2 as revenue declined during the period.

Monday.com ( MNDY ) shares were up more than 1% after saying it has achieved $1 billion in annual recurring revenue.

International Business Machines ( IBM ) is shutting down its research and development division in China, which will impact more than 1,000 employees in several cities including Beijing and Shanghai, multiple news outlets reported. IBM ( IBM ) shares were 0.1% lower premarket.