Sector Update: Tech Stocks Decline Premarket Tuesday

09:14 AM EDT, 10/20/2026 (MT Newswires) -- Technology stocks were declining premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.7% and the iShares Semiconductor ETF (SOXX) 1.2% lower. Salesforce (CRM) has agreed to acquire Braze (BRZE) for about $5.60 billion, the companies said. Salesforce stock was down more than 2% while Braze shares were up past 51% pre-bell. Micron Technology's (MU) workers union in Taoyuan, Taiwan, will stage a strike on Thursday as the US chipmaker meets with a separate union from its Taichung operations for mediation, Reuters reported, citing a union statement. Shares of Micron Technology were down more than 1% premarket. Vicor (VICR) stock was up more than 2% after the company reported higher Q3 net income and net revenue.