Sector Update: Tech Stocks Edge Higher Premarket Tuesday

MT Newswires Live12-24 21:55

Technology stocks were edging higher premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) was up 0.3% and the SPDR S&P Semiconductor ETF (XSD) recently advanced by 0.4%.

Perfect (PERF) shares were over 1% higher after the company said it has agreed to acquire digital immersive technology company Wannaby from luxury fashion marketplace Farfetch.

FuboTV (FUBO) shares were down more than 2% after the company said TelevisaUnivision has pulled its programming from the Fubo live TV streaming platform over a disagreement on contract terms.

GDS Holdings (GDS) is exploring an initial public offering for a real estate investment trust consisting of its data center assets in China, Bloomberg reported, citing unnamed people familiar with the matter. GDS Holdings shares advanced by over 1% pre-bell.

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