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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