09:04 AM EDT, 08/12/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund ( XLK ) was recently up 0.4%.

Monday.com ( MNDY ) shares advanced by nearly 10% after it reported higher Q2 non-GAAP net income and revenue. The company also raised its revenue outlook for the full year.

Bitdeer Technologies Group ( BTDR ) shares were down more than 1% after it reported a narrowed Q2 loss and higher revenue that still missed estimates from analysts polled by Capital IQ.

Turkey lifted the ban on Meta Platforms' ( META ) social media platform Instagram on Saturday after the platform agreed to address the government's concerns. Shares of Meta Platforms ( META ) were flat pre-bell.