Sector Update: Tech Stocks Fall Premarket Friday

09:16 AM EDT, 10/30/2026 (MT Newswires) -- Technology stocks were falling premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 3.5% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 7%. Intel (INTC) shares were down more than 25% after the company reported Q3 revenue below market estimates and issued a downbeat Q4 outlook. Nvidia (NVDA) stock was down more than 2% following reports from The New York Times and other outlets that said US, Singaporean, and Taiwanese officials suspect a former Megaspeed International executive of sharing information with Chinese intelligence. Reddit (RDDT) shares were down more than 3% after the company reported Q3 earnings that missed analysts' expectations.