08:21 AM EDT, 04/03/2024 (MT Newswires) -- Technology stocks were leaning lower premarket Wednesday, with the Technology Select Sector SPDR Fund (XLK) down 0.05% while the SPDR S&P Semiconductor ETF (XSD) was unchanged.

Intel ( INTC ) officials said the company's chip foundry business suffered a 2023 operating loss of $7 billion on sales of $18.9 billion, widening from a loss of $5.2 billion on $27.5 billion in sales a year earlier, news outlets reported. Intel ( INTC ) shares were down 4.7% pre-bell Wednesday.