Technology stocks advanced premarket Monday as the Technology Select Sector SPDR Fund (XLK) was 1.7% higher and the SPDR S&P Semiconductor ETF (XSD) was up 0.4% recently.

Meta Platforms' (META) proposed $800 million acquisition bid for FuriosaAI has been rejected by the South Korean company, multiple media outlets reported, citing unnamed sources familiar with the matter. Meta Platforms shares rose nearly 3% premarket.