09:08 AM EDT, 09/08/2025 (MT Newswires) -- Technology stocks were advancing premarket Monday, with the Technology Select Sector SPDR Fund (XLK) 0.6% higher and the iShares Expanded Tech Sector ETF ( IGM ) up 0.5%.

AppLovin ( APP ) is set to replace MarketAxess Holdings ( MKTX ) in the S&P 500, effective Sept. 22, S&P Dow Jones Indices said. AppLovin ( APP ) shares were up more than 9% premarket.

Baidu ( BIDU ) shares were up more than 6% after the company said it is planning to offer Chinese renminbi-denominated senior unsecured notes in offshore transactions outside of the US.

Wix.com ( WIX ) stock was down more than 1% after the company said it plans to offer $750 million in convertible senior notes due 2030 in a private offering.