Financial Wire

Sector Update: Tech Stocks Gain Monday Afternoon

-- Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.2%.

The Philadelphia Semiconductor index increased 0.8%.

In corporate news, Microsoft (MSFT) is developing new features for Copilot it hopes will make the AI assistant function more like OpenClaw, The Information reported. Microsoft was up 2.9%.

Amazon-backed (AMZN) Anthropic's latest AI model Claude Mythos has prompted UK financial regulators to assess risks it poses to IT systems, the Financial Times. Amazon shares were little changed.

Meta Platforms (META) is developing an AI version of Chief Executive Mark Zuckerberg that can interact with employees, the Financial Times reported. Meta shares were flat.

Aeluma (ALMU) shares surged 44% after the company said it has been awarded more than $4 million in contracts to scale the US government's semiconductor heterogeneous integration platform for quantum and high-speed datacom applications.

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