Sector Update: Tech

08:55 AM EST, 11/10/2026 (MT Newswires) -- Technology stocks were falling pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 1.2% lower and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 2.9%. Grab Holdings (GRAB) and SoftBank, in collaboration with Malaysia's state-owned energy company PETROS, are planning to invest a combined $1.85 billion to develop AI infrastructure in the country, Grab said. Shares of Grab Holdings were down more than 5% premarket.