Sector Update: Tech Stocks Advance Premarket Monday
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Technology stocks advanced premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.4%. LiveRamp (RAMP) agreed to be acquired by Publicis Groupe for $2.17 billion, with shares rising over 27%. Baidu (BIDU) stock increased by more than 4% after exceeding Q1 earnings expectations, while IQIYI (IQ) shares fell over 2% due to a Q1 net loss.
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