Sector Update: Tech
MT newswire2026/10/16 12:52Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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08:52 AM EDT, 10/16/2026 (MT Newswires) -- Technology stocks were declining premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.1% and the iShares Semiconductor ETF (SOXX) 1.6% lower. CoreWeave (CRWV) co-founders Michael Intrator, Brian Venturo and Brannin McBee have sold $3.3 billion in company shares since its March 2025 initial public offering, including $2.4 billion in 2026, Bloomberg reported. Shares of CoreWeave were down more than 5% pre-bell.
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