XLC is trading 1.73% up at $113.34, extending its August 27 close of $111.41, with no clear company-specific catalyst.

  • Meta, a major communications-services constituent, faces a proposed child-safety settlement worth up to $17 billion, which is not an obvious positive trigger.
  • Broader technology sentiment is supportive after Nvidia’s strong outlook, but major indexes are gaining less than 0.5%, limiting confidence in a market-wide explanation.