Tech stocks gained late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1% and the SPDR S&P Semiconductor ETF (XSD) rising 2.5%.
The Philadelphia Semiconductor index jumped 3%.
In corporate news, MicroStrategy (MSTR) acquired 5,262 bitcoins for $561 million in cash from Dec. 16-22. The shares fell 8.5%.
Meta (META) intends to launch Ray-Ban smart glasses with displays as early as H2 2025, the Financial Times reported. Meta shares added 2.5%.
Alphabet's (GOOG) Google is set to be declared guilty of violating Japan's Antimonopoly Act by the country's antitrust watchdog, Nikkei and other Japanese news agencies reported. Alphabet shares rose 1.7%.
Xerox (XRX) shares surged 13% after the company agreed to buy laser printer and imaging products manufacturer Lexmark International for $1.5 billion, including debt and other liabilities.
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