Sector Update: Tech Stocks Advance Monday Afternoon

MT Newswires Live12-17

Tech stocks rose Monday afternoon with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) both gaining 0.7%.

The Philadelphia Semiconductor climbed 2.1%.

In corporate news, Nasdaq said Friday that MicroStrategy (MSTR) would be added to the Nasdaq-100 index ahead of trading Dec. 23. MicroStrategy shares jumped 5.9%.

Honeywell International (HON) is evaluating a potential separation of its aerospace business as part of its effort to optimize its portfolio. Honeywell shares popped 3.7%.

Apple (AAPL) plans to introduce a thinner, cheaper iPhone model and foldable devices starting in 2025 in an effort to revive growth, the Wall Street Journal reported. Apple shares added 1.2%.

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