08:48 AM EDT, 05/23/2025 (MT Newswires) -- Technology stocks fell premarket Friday with the Technology Select Sector SPDR Fund (XLK) down 1.9% and the SPDR S&P Semiconductor ETF (XSD) 2.8% lower recently.

President Donald Trump said Apple ( AAPL ) will be hit with a tariff of at least 25% if iPhone production is not moved to the US. Shares of Apple ( AAPL ) were down more than 3% pre-bell.