Technology stocks were declining premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) was down 0.51%, and the Semiconductor Sector Index Fund (SOXX) was recently slipping by 0.84%.
Shutterstock (SSTK) reported Q1 adjusted earnings of $1.00 per diluted share, up from $0.98 a year earlier. Analysts polled by Capital IQ expected $0.86. Shutterstock was recently shedding more than 10% in value.