Tech Stocks Advancing

Technology stocks were moderately higher this afternoon, with shares of tech companies in the S&P 500 climbing more than 0.5%. In company news, Nutanix (NTNX) climbed nearly 8% on Monday, topping out at $17.63 a share after the public cloud-services company deployed the first phase of information technology services for the Hitachi Elevator Co. The first round of work is intended to address the need for a highly available system for critical applications and reducing IT costs, including a 50% reduction in disaster recovery expenses.

By Stephen Holmes