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Update: Tech Stocks Rise Late Afternoon","url":"https://stock-news.laohu8.com/highlight/detail?id=2660434499","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2660434499?lang=en_us&edition=fundamental","pubTime":"2026-08-18 03:54","pubTimestamp":1786996456,"startTime":"0","endTime":"0","summary":"Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF  increasing 0.2% and the State Street SPDR S&P Semiconductor ETF  adding 1.3%.The Philadelphia Semiconductor index climbed up 1.8%.In corporate news, over a dozen family offices held a total of at least $3.8 billion in SpaceX  through the first half of the year, Bloomberg reported Monday, citing data it compiled from 13F regulatory filings. SpaceX shares were up 4.2%.Meta Platforms'  and BlackRock's  Sopaipilla data center campus in El Paso, Texas, is exposed to billions of dollars in potential losses due to partial insurance coverage, the Financial times reported Monday, citing sources familiar with the insurance agreement. Meta shares were falling 3.6%.Alphabet's  Google agreed to purchase a broad set of Spirit Airlines' enterprise data and internally developed software assets for $10 million under a bill of sale filed Friday in the US Bankruptcy Court for the Southern District of 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data center campus in El Paso, Texas, is exposed to billions of dollars in potential losses due to partial insurance coverage, the Financial times reported Monday, citing sources familiar with the insurance agreement.The $14 billion data center has hundreds of millions of dollars in insurance coverage as advised by Marsh & McLennan , but the venture will be liable for losses above the coverage caps, according to the report.Commercial insurers have been hesitant about providing full coverage for large data center campuses, which potentially face losses from natural catastrophes, power outages, and lawsuits, the report said.BlackRock declined to comment, while Meta and Marsh did not immediately reply to a request for comment from MT Newswires.Price: 580.15, Change: -9.70, Percent Change: 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