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Sector Update: Tech

May 4, 2026 6:13 AM

08:52 AM EDT, 05/04/2026 (MT Newswires) -- Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.2%.

SAP (SAP) stock was up more than 1% after the company said it agreed to acquire Dremio and Prior Labs in separate deals aimed at strengthening its enterprise AI and data capabilities.

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