09:03 AM EDT, 07/23/2024 (MT Newswires) -- Technology stocks were flat-to-lower premarket Tuesday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund ( XLK ) was down 0.2% recently.

Spotify Technology ( SPOT ) rose past 13% after reporting that it swung to Q2 earnings as revenue increased during the period.

NXP Semiconductors ( NXPI ) fell by over 7% after the company overnight reported declines in Q2 earnings and revenue.

SAP (SAP) was up over 5% after the company reported overnight higher Q2 earnings and revenue.