09:03 AM EDT, 06/14/2024 (MT Newswires) -- Technology stocks were flat to lower premarket Friday with the SPDR S&P Semiconductor ETF ( XSD ) recently inactive and the Technology Select Sector SPDR Fund ( XLK ) down 0.2%.

Adobe (ADBE) rallied past 15% after it reported higher fiscal Q2 non-GAAP earnings and revenue. The company also raised its full-year adjusted EPS outlook.

QXO (QXO) retreated by over 43% after saying it has agreed to $3.5 billion in financing via a private placement of shares and warrants with institutional and accredited investors.

Logitech International ( LOGI ) has appointed Meeta Sunderwala as interim chief financial officer, effective immediately, the company said in a regulatory filing. Logitech International ( LOGI ) was down more than 3% pre-bell.