08:47 AM EDT, 04/22/2024 (MT Newswires) -- Technology stocks were advancing premarket Monday, with the Technology Select Sector SPDR Fund (XLK) up 0.8% and the SPDR S&P Semiconductor ETF (XSD) 1.9% higher recently.

Salesforce ( CRM ) has backed out of negotiations to acquire Informatica ( INFA ) after the companies failed to agree on transaction terms, The Wall Street Journal reported late Sunday, citing unnamed sources familiar with the matter. Salesforce ( CRM ) was up more than 3% and Informatica ( INFA ) was over 5% lower pre-bell.