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Sector Update: Tech Stocks Mixed Pre-Bell Friday
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Sector Update: Tech Stocks Mixed Pre-Bell Friday
May 1, 2026 6:21 AM

09:04 AM EDT, 05/01/2026 (MT Newswires) -- Technology stocks were mixed pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF ( XSD ) 0.4% lower.

Apple ( AAPL ) shares were up more than 3% after the company posted higher fiscal Q2 earnings and revenue. Apple ( AAPL ) also raised its quarterly dividend and approved a $100 billion share buyback program.

Reddit ( RDDT ) stock was up more than 13% after the company reported a surge in Q1 earnings and revenue, and issued Q2 revenue outlook above analysts' expectations.

Amkor Technology ( AMKR ) stock was 0.7% lower after the company priced a $1 billion private offering of 0% convertible senior notes due 2031.

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