Sector Update: Tech Stocks Steady Premarket Monday

MT Newswires Live12-23 22:06

Technology stocks were steady premarket Monday as the SPDR S&P Semiconductor ETF (XSD) was inactive and the Technology Select Sector SPDR Fund (XLK) was up 0.1% recently.

Rumble (RUM) shares rose past 43% after the company said it agreed to a $775 million strategic investment from cryptocurrency firm Tether.

Xerox Holdings (XRX) shares advanced by 8% after the company said it has agreed to acquire Lexmark International from Ninestar, PAG Asia Capital, and Shanghai Shouda Investment Center for $1.5 billion, including assumed liabilities.

iLearningEngines (AILE) shares slumped by more than 52% after the company said it has started voluntary Chapter 11 bankruptcy proceedings.

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