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Sector Update: Tech
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Sector Update: Tech
May 7, 2026 6:00 AM

08:43 AM EDT, 05/07/2026 (MT Newswires) -- Technology stocks were mixed pre-bell Thursday, with the State Street Technology Select Sector SPDR ETF (XLK) retreating by 0.2% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 0.5% higher.

Alphabet (GOOG, GOOGL) shares gained by 1.2% before the opening bell after closing the prior session with a 2.8% increase. Bloomberg reported Thursday that Google ( GOOG ) has proposed changes to how it shows news results in its search engine to avoid further EU competition fines.

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