08:58 AM EDT, 04/23/2024 (MT Newswires) -- Technology stocks were mixed premarket Tuesday with the SPDR S&P Semiconductor ETF ( XSD ) down 1.7% and the Technology Select Sector SPDR Fund ( XLK ) 0.2% higher recently.

Spotify Technology ( SPOT ) was up more than 10% after reporting that it swung to Q1 earnings as revenue increased during the period.

SAP (SAP) rose past 4% after it reported a Q1 revenue of 8.04 billion euros ($8.58 billion), up from 7.44 billion euros a year earlier.

Xerox (XRX) fell by 11% after it reported lower Q1 adjusted earnings and revenue.