Sector Update: Tech

Sector Update: Tech

MT newswire2026/09/21 12:58

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08:58 AM EDT, 09/21/2026 (MT Newswires) -- Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) 1.3% higher and the State Street SPDR S&P Semiconductor ETF (XSD) advancing 1.9%. Lumentum (LITE), Qualcomm Technologies (QCOM) and Corning (GLW) will showcase a high-density optical die-to-die interconnect for AI scale-up systems at ECOC 2026 in Malaga, Spain, Lumentum said. Lumentum Holdings shares were up more than 2%, Qualcomm stock was over 1% higher and Corning shares rose past 4% pre-bell.

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The Japanese Finance Minister stated that Ms. Komei herself has repeatedly requested her to clarify this position to overseas investors. This statement attempts to dispel the market’s perception that the Komei government interferes with the central bank or pursues a loose monetary policy. Last Wednesday, two committee members nominated by Komei opposed a Bank of Japan interest rate hike, further reinforcing the market’s view that the Japanese government tends to delay rate increases.

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