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Sector Update: Tech
Apr 20, 2026 6:16 AM

08:51 AM EDT, 04/20/2026 (MT Newswires) -- Technology stocks were leaning lower premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) marginally declining.

Alphabet's (GOOG, GOOGL) Google ( GOOG ) is negotiating with Marvell Technology ( MRVL ) to develop two new processors optimized for artificial intelligence inference tasks, The Information reported, citing two people with knowledge of the discussions. Shares of Marvell Technology ( MRVL ) were up more than 5% pre-bell.

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