Sector Update: Tech Stocks Fall Premarket Thursday

09:08 AM EST, 11/05/2026 (MT Newswires) -- Technology stocks were falling premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 2.9%. Qualcomm (QCOM) shares were down more than 11% after the company reported lower fiscal Q4 adjusted earnings and revenue. Sony Group (SONY) stock was up more than 7% after the company reported higher fiscal Q2 earnings and sales, and raised its fiscal 2026 sales outlook. AppLovin (APP) shares were up more than 24% after the company posted a surge in both Q3 earnings and revenue.