Sector Update: Tech Stocks Advance Premarket Monday

MT Newswires Live11-25 22:04

Technology stocks were advancing premarket Monday as the Technology Select Sector SPDR Fund (XLK) was up 0.7% and the SPDR S&P Semiconductor ETF (XSD) was 2.6% higher recently.

Lattice Semiconductor (LSCC) is mulling an offer to purchase Intel's (INTC) Altera unit and is working with advisers as it seeks a private equity backer, Bloomberg News reported Saturday, citing unnamed sources familiar with the matter. Lattice Semiconductor shares were up over 1% premarket.

Sony Group (SONY) is developing a portable console that can run its PlayStation 5 games in a bid to rival Nintendo's dominance in the portable mobile console, Bloomberg reported, citing unnamed people familiar with the development. Sony Group shares were up 0.8% pre-bell.

Wrap Technologies (WRAP) shares were over 4% higher after the company said it is relocating its manufacturing and distribution facility to Virginia as part of a $4.1 million Virginia Economic Development Partnership project.

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