09:06 AM EDT, 04/26/2024 (MT Newswires) -- Technology stocks were mixed premarket Friday as the SPDR S&P Semiconductor ETF ( XSD ) was slightly lower and the Technology Select Sector SPDR Fund ( XLK ) was up 0.7% recently.

Snap (SNAP) was rallying past 24% after it reported higher Q1 non-GAAP earnings and revenue.

Alphabet (GOOG) was up over 11% after it reported a surge in Q1 earnings and revenue. The company also said its board approved the launch of a quarterly cash dividend program.

AppFolio ( APPF ) advanced by more than 9% after it reported that it swung to Q1 adjusted earnings as revenue increased during the period.