08:53 AM EDT, 04/15/2026 (MT Newswires) -- Technology stocks were advancing premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.5%.

Snap (SNAP) shares were up more than 7% after the company said it will cut about 16% of its global workforce, roughly 1,000 employees, to generate over $500 million in annualized cost savings.