09:12 AM EDT, 06/25/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Tuesday as the SPDR S&P Semiconductor ETF ( XSD ) was unchanged and the Technology Select Sector SPDR Fund ( XLK ) was up 0.9% recently.

SolarEdge Technologies ( SEDG ) shares fell more than 18% after the company said it may not be able to collect the $11.4 million it is owed by PM&M Electric under a secured promissory note. PM&M Electric has filed for Chapter 7 bankruptcy.

Uber Technologies ( UBER ) has begun barring access to its app for New York City drivers during periods of low demand in response to a minimum wage requirement, Bloomberg reported Monday, citing a company official and drivers. Uber Technologies ( UBER ) shares were up 1.9% premarket.

The European Commission notified Microsoft ( MSFT ) that the regulator's preliminary findings suggest the company breached EU antitrust rules by bundling its communication and collaboration tool, Teams, with its Office 365 and Microsoft ( MSFT ) 365 suites. Microsoft ( MSFT ) shares were 0.1% higher pre-bell.