08:45 AM EDT, 09/09/2024 (MT Newswires) -- Technology stocks rose in premarket trading Monday, with the Technology Select Sector SPDR Fund (XLK) up 0.9% and the SPDR S&P Semiconductor ETF (XSD) 0.8% higher recently.

Apple ( AAPL ) used Arm Holdings' ( ARM ) V9 chip design in the A18 chip of its iPhone 16 and is set to launch the new smartphone Monday, the Financial Times reported, citing unnamed sources familiar with the matter. Arm Holdings ( ARM ) shares were up more than 3% pre-bell.