Sector Update: Tech

8:51AM ET 10/18/2021 MT Newswires
Technology stocks were slipping pre-bell Monday. The Technology Select Sector SPDR Fund ETF (XLK) was down 0.61% and the Semiconductor Sector Index Fund (SOXX) was recently declining by 0.68%.

Akoustis Technologies (AKTS) was gaining more than 5% after saying it has acquired a 51% stake in RFM Integrated Device, with the right to purchase the remaining 49% in 2022.