08:54 AM EDT, 07/30/2025 (MT Newswires) -- Technology stocks were edging higher premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was up 0.2% and the SPDR S&P Semiconductor ETF (XSD) was recently advancing by 1%.

Palo Alto Networks ( PANW ) agreed to acquire CyberArk Software ( CYBR ) through a cash-and-share transaction that represents an equity value of about $25 billion for CyberArk. Shares of Palo Alto Networks ( PANW ) were down more than nearly 6% pre-bell.