Sector Update: Tech Stocks Fall Premarket Thursday

09:07 AM EDT, 10/22/2026 (MT Newswires) -- Technology stocks were falling premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 3.2%. 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. Spotify Technology (SPOT) stock was up more than 7% after the company reported higher Q3 revenue. Nokia (NOK) shares were down more than 7% even after the company posted higher Q3 comparable earnings and net sales.