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Sector Update: Tech
Mar 16, 2026 6:14 AM

08:54 AM EDT, 03/16/2026 (MT Newswires) -- Technology stocks were rising pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.3% higher.

Nebius Group ( NBIS ) shares were up more than 11% after the company said it signed a five-year artificial intelligence infrastructure supply agreement with Meta (META) with a total contract value of up to roughly $27 billion. Meta stock was up more than 3% premarket.

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