08:53 AM EDT, 08/03/2026 (MT Newswires) -- Technology stocks were mixed pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.6% higher.

Alibaba ( BABA ) said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B. Shares of Alibaba Group Holding ( BABA ) were up more than 3% premarket.