Sector Update: Tech

08:54 AM EDT, 10/20/2026 (MT Newswires) -- Technology stocks were declining premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.9% and the iShares Semiconductor ETF (SOXX) 1.3% lower. Salesforce (CRM) has entered into a definitive agreement to acquire Braze (BRZE) for an enterprise value of about $5.6 billion, the companies said. Salesforce stock was down more than 3% while Braze shares rose nearly 51% pre-bell.