08:54 AM EDT, 08/01/2025 (MT Newswires) -- Technology stocks were declining premarket Friday as the Technology Select Sector SPDR Fund (XLK) was 0.8% lower and the SPDR S&P Semiconductor ETF (XSD) was down 2% recently.

Reddit ( RDDT ) stock was more than 15% higher after the company reported late Thursday that it swung to Q2 earnings as revenue surged during the period.