Technology stocks fell pre-bell Monday as the Technology Select Sector SPDR Fund (XLK) was down 1.9% and the SPDR S&P Semiconductor ETF (XSD) was 1.3% lower recently.
Mantle Ridge has invested over $1 billion in Cognizant Technology Solutions (CTSH), multiple news outlets reported, citing people with knowledge of the matter. Shares of Cognizant Technology Solutions were up over 3% premarket.