Sector Update: Tech
MT newswire2026/08/24 12:54Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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08:54 AM EDT, 08/24/2026 (MT Newswires) -- Technology stocks were falling premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.1% lower IBM (IBM) said it introduced a dual-architecture mainframe processor that allows businesses to use both IBM and Arm's (ARM) operating systems on future IBM Z and LinuxONE computers. Shares of Arm Holdings were down more than 2% pre-bell.
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