Sector Update: Tech-February 2024-www.financetom.com

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Sector Update: Tech

Jun 28, 2024 5:28 AM

08:13 AM EDT, 06/28/2024 (MT Newswires) -- Technology stocks were gaining premarket Friday, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) advancing 0.3%.

Nokia ( NOK ) has agreed to acquire Infinera ( INFN ) in a transaction valuing Infinera ( INFN ) at $6.65 per share or an enterprise value of $2.3 billion, the companies said Thursday. Nokia ( NOK ) shares were unchanged and Infinera ( INFN ) shares rose nearly 19% pre-bell Friday.

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