08:47 AM EDT, 04/10/2025 (MT Newswires) -- Technology stocks declined pre-bell Thursday with the Technology Select Sector SPDR Fund (XLK) down 2.8% and the SPDR S&P Semiconductor ETF (XSD) 2.2% lower recently.

STMicroelectronics ( STM ) shares fell by over 7% after the company said it will overhaul its manufacturing network over the next three years, aiming to streamline operations and reduce costs significantly, with up to 2,800 voluntary staff departures expected globally.