08:52 AM EDT, 08/15/2025 (MT Newswires) -- Technology stocks were declining premarket Friday, with the Technology Select Sector SPDR Fund (XLK) down 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.2% lower.

Applied Materials ( AMAT ) stock was down more than 13% after the company issued fiscal Q4 guidance below market expectations, overshadowing its fiscal Q3 earnings and revenue beat.