Sector Update: Tech

MT Newswires Live10-20

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 1.9%.

The Philadelphia Semiconductor index added 1.8%.

In corporate news, DXC Technology (DXC) shares rose 3.7% after Reuters reported that the company is in advanced talks to sell its insurance software and services division to Eldridge Industries for about $2.4 billion.

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