08:54 AM EDT, 07/17/2026 (MT Newswires) -- Technology stocks were falling pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.4% lower.

Cadence Design Systems ( CDNS ) and Rapidus will jointly work to advance "agentic AI" for advanced-node system-on-chip design under a new collaboration. Shares of Cadence Design Systems ( CDNS ) were down more than 5% premarket.