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Sector Update: Tech

Nov 29, 2024 6:15 AM

08:46 AM EST, 11/29/2024 (MT Newswires) -- Technology stocks rose in Friday's premarket hours as the Technology Select Sector SPDR Fund (XLK) was up 0.2% and the SPDR S&P Semiconductor ETF (XSD) was almost 1% higher.

StoneCo ( STNE ) received multiple nonbinding acquisition proposals for Linx but the offers were below the price it paid for the software platform in 2020, Reuters reported Wednesday, citing three people familiar with the negotiations. StoneCo ( STNE ) shares were down more than 6% premarket.

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