Sector Update: Tech Stocks Rise Late Afternoon

03:46 PM EDT, 10/19/2026 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.6%. The Philadelphia Semiconductor index added 2.4%. In corporate news, DXC Technology (DXC) shares rose over 5% 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. Apple (AAPL) is expected to unveil its first touch-screen MacBook at an Oct. 28 product event in Los Angeles, Bloomberg reported. Apple shares were down 0.2%. American Electric Power (AEP) said Monday it has agreed with X-Energy (XE) to explore the development of a proposed 960 megawatt nuclear energy project in Sullivan County, Indiana. The initial project will use 12 Xe-100 small modular reactors of 80 MW each and Amazon (AMZN) intends to purchase power under a long-term contract, covering the facility's costs and operations, the company said. Amazon shares climbed past 5%. SpaceX (SPCX) CEO Elon Musk said Monday on X that he plans to give one of his SpaceX shares to every child in the US next year. Musk beneficially owns about 6.42 billion SpaceX shares, including unvested restricted stock and shares issuable upon exercise of stock options, according to an August SEC filing. SpaceX shares rose 1%.