Sector Update: Tech Stocks Decline Premarket Friday

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Technology stocks declined premarket Friday as the Technology Select Sector SPDR Fund XLK was down 1% and the SPDR S&P Semiconductor ETF XSD recently fell past 1%.

WISeKey International Holding WIHN shares rose by over 10% after the company said its SEALCOIN subsidiary partnered with WeCanGroup to enable secure transactions and advanced identity verification within the WeCanGroup ecosystem.

ARB IOT ARBB said late Thursday that its unit ARB Agro Technology has received an additional order to manage about 2,000 acres of palm oil plantation in Malaysia using its Smart IOT Palm Farming System. ARB IOT shares were down more than 3% pre-bell.

CGI GIB.A said its CGI Deutschland limited partnership has completed the acquisition of digital services company Novatec. CGI shares were 0.4% lower premarket.