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Sector Update: Tech
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Sector Update: Tech
Aug 25, 2025 6:32 AM

09:00 AM EDT, 08/25/2025 (MT Newswires) -- Technology stocks were leaning lower premarket Monday, with the Technology Select Sector SPDR Fund (XLK) declining slightly and the SPDR S&P Semiconductor ETF (XSD) down 2%.

Verint Systems ( VRNT ) confirmed on Monday that it has agreed to be acquired by private-equity firm Thoma Bravo for $20.50 per share in cash, or an enterprise value of $2 billion. Verint ( VRNT ) shares were more than 12% higher in premarket trading.

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