Technology stocks were declining pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.2% lower.

Infosys (INFY) stock was up more than 3% after the company said it has formed a partnership with Amazon (AMZN) and Alphabet-backed (GOOG, GOOGL) Anthropic to develop and deliver AI technology for telecommunications, financial services, manufacturing, and software development firms.