Sector Update: Tech Stocks Gain Monday Afternoon

01:52 PM EDT, 10/26/2026 (MT Newswires) -- Tech stocks were higher 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) adding 2.5%. The Philadelphia Semiconductor index climbed 3.3%. In sector news, Anthropic on Monday filed with the US Securities and Exchange Commission for an IPO of Class A common stock on the Nasdaq Global Select Market under the symbol "ANT." In corporate news, Meta Platforms (META) said Monday it launched about $35 billion in stock offerings and plans a separate $60 billion at-the-market share sale program in 2027 as part of a financing plan to support its AI investments and other corporate purposes. Meta shares were down 0.7%. Microsoft (MSFT) plans to offer buyouts to roughly 60,000 workers, with staff on select teams in the US, Canada, India and the UK at the vice president level and below, Bloomberg reported Monday, citing a spokesperson. Microsoft shares rose 1.1%. Apple (AAPL) said Monday it is rolling out a new iPad mini with an 8.5-inch OLED screen and A20 Pro chip. Apple shares were down 1.4%.