Technology stocks were declining premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.7% lower.

Monday.com (MNDY) stock was down more than 19% after the company reported a decline in Q4 non-GAAP net income, and issued Q1 and 2026 guidance below consensus.

STMicroelectronics (STM) shares were up more than 7% after the company said it has expanded a partnership with Amazon's (AMZN) Amazon Web Services through a multiyear, multibillion-dollar commercial agreement for advanced semiconductor technologies.

Dynatrace (DT) shares were up more than 15% after the company posted higher fiscal Q3 non-GAAP net income and revenue, and raised its fiscal 2026 outlook.