Sector Update: Tech Stocks Flat to Lower Premarket Friday

MT Newswires Live12-20 21:57

Technology stocks were flat to lower premarket Friday, with the Technology Select Sector SPDR Fund (XLK) unchanged and the SPDR S&P Semiconductor ETF (XSD) down 2.1%.

CCC Intelligent Solutions (CCCS) shares were up over 1% amid a definitive agreement to acquire EvolutionIQ for $730 million in a cash-and-stock transaction.

Nvidia (NVDA)'s proposed acquisition of Run:ai Labs got approved unconditionally by the European Commission, according to a statement by the Commission. Nvidia shares were down 0.5% premarket.

Synopsys (SNPS) said it remains confident in a positive outcome of the UK Competition and Markets Authority's review of the proposed acquisition of Ansys (ANSS), and continues to expect the transaction to close in H1 2025. Synopsys shares were over 1% lower pre-bell.

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