Sector Update: Tech Stocks Lean Lower Premarket Monday

MT newswire2026/10/05 13:12

09:12 AM EDT, 10/05/2026 (MT Newswires) -- Technology stocks were leaning lower premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) declining by 0.1% and the iShares Semiconductor ETF (SOXX) down 0.7%. PTC (PTC) will be acquired by Schneider Electric in an all-cash deal valued at $23.7 billion, Schneider Electric said. Shares of PTC were up more than 36% pre-bell. Cerebras Systems (CBRS) stock was up 5.8% after OpenAI Chief Executive Sam Altman described the AI hardware firm as a "close partner." Uber Technologies (UBER) settled a federal sexual assault case less than 48 hours after jury selection in the US District Court for the Western District of Texas. Shares of Uber Technologies were 0.3% lower pre-bell.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.