08:38 AM EST, 01/06/2025 (MT Newswires) -- Technology stocks advanced premarket Monday, with The Technology Select Sector SPDR Fund (XLK) up 1.2% and the SPDR S&P Semiconductor ETF (XSD) 2.4% higher.

Paychex ( PAYX ) is in advanced discussions to acquire its smaller rival Paycor HCM ( PYCR ) in a deal that could bring together two major players in the market for human-resources software and services, Bloomberg News reported, citing unnamed people with knowledge of the matter. Paycor HCM ( PYCR ) shares were up over 24% pre-bell.