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Sector Update: Tech Stocks Decline Premarket Wednesday

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Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.8% and the State Street SPDR S&P 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.

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Sector Update: Financial Stocks Edge Higher Late Afternoon

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Sector Update: Energy Stocks Fall Tuesday

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