08:43 AM EDT, 09/30/2024 (MT Newswires) -- Technology stocks were leaning lower premarket Monday as the Technology Select Sector SPDR Fund (XLK) was down 0.5% and the SPDR S&P Semiconductor ETF (XSD) fell by 0.7% recently.

Emcore ( EMKR ) shares surged past 111% after Mobix Labs (MOBX) said it has submitted a non-binding cash offer to acquire Emcore ( EMKR ) shares for $3.80 apiece.