Sector Update: Tech Stocks Decline Premarket Wednesday

09:12 AM EDT, 08/26/2026 (MT Newswires) -- Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.8% and the State Street SPDR SP Semiconductor ETF (XSD) 0.4% lower. Intuit (INTU) shares were down more than 10% after the company set fiscal Q1 and 2027 guidance that fell short of analysts' estimates. Zoom Communications (ZM) stock was down more than 5% after the company issued fiscal Q3 non-GAAP earnings per share outlook below analysts' expectations. Photronics (PLAB) shares were up more than 22% after the company posted an increase in fiscal Q3 revenue.