08:48 AM EDT, 03/23/2026 (MT Newswires) -- Technology stocks were mixed pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 2% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.3% lower.

Elliott Investment Management has amassed a multibillion-dollar stake in Synopsys ( SNPS ) and intends to engage with the chip-design software maker to push the business to make more money from its software and services, news outlets reported, citing unnamed sources. Shares of Synopsys ( SNPS ) were up more than 3% premarket.