Sector Update: Tech Stocks Decline Premarket Thursday

Technology stocks were declining premarket Thursday with the Technology Select Sector SPDR Fund XLK down 0.2% and the SPDR S&P Semiconductor ETF XSD 1.7% lower recently.

TD Synnex SNX was down more than 5% after saying a previously announced secondary public offering has been upsized to 10.5 million shares.

Rumble RUM was over 6% lower after it reported a Q4 loss of $0.14 per diluted share, compared with a break-even a year earlier.

Take-Two Interactive Software TTWO has agreed to acquire Gearbox Entertainment from Swedish video game holding company Embracer Group for about $460 million, the companies said in separate statements. Take-Two Interactive Software was more than 1% lower pre-bell.