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Sector Update: Tech

Jul 16, 2026 6:10 AM

08:52 AM EDT, 07/16/2026 (MT Newswires) -- Technology stocks were falling premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.6% lower.

Taiwan Semiconductor Manufacturing ( TSM ) shares were down more than 4%, even after the company reported higher Q2 earnings and net revenue.

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