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## Technology Stocks Show Pre-Bell Advancements

Technology stocks were advancing pre-bell Monday, with the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) both 0.8% higher. This positive movement indicates a potentially strong start for the tech sector in today’s trading session.

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## Squarespace Stock Surges After Acquisition News

Squarespace (SQSP) stock was up over 13% after the company announced it had signed a roughly $6.90 billion all-cash deal to be taken private by private equity firm Permira. This significant acquisition news has propelled Squarespace’s stock price higher, attracting investor interest and boosting market sentiment.

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## Tencent Music Announces Positive Q1 Earnings

Tencent Music Entertainment Group (TME) shares were over 1% higher after the company reported Q1 earnings of 1.09 renminbi ($0.15) per diluted American depositary share, up from 0.89 renminbi a year earlier. This strong performance in earnings reflects Tencent Music’s resilience and growth trajectory in the competitive music streaming industry.

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## Apple Nearing Deal with OpenAI for ChatGPT Features in iOS 18

Apple (AAPL) is reportedly nearing a deal with Microsoft (MSFT)-backed OpenAI for the use of certain ChatGPT features in iOS 18, the next iPhone operating system. This strategic collaboration aims to enhance user experience and capabilities of Apple’s flagship devices, potentially driving customer engagement and loyalty.

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