Sector Update: Tech

08:56 AM EDT, 10/22/2026 (MT Newswires) -- Technology stocks were falling premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 3.3%. Meta Platforms (META) was ordered to pay New Mexico $25 billion after a jury determined the tech giant was liable for deceiving Facebook users about privacy policies, according to media reports. Shares of Meta Platforms were down more than 2% pre-bell.