U.S. Tech Shares Rise 3% as Microsoft Closes at $516.17 and Akamai Lands $11.6 Billion Anthropic Deal

A pause in borrowing-cost increases supported a risk-on bid in U.S. tech, lifting the sector ~3% for the week. Microsoft led Dow gainers, closing at a multi-month high after unveiling new Copilot capabilities, reinforcing the market's focus on AI monetization. Separately, Akamai's expanded cloud deal with Anthropic improves long-dated revenue visibility, though the court's security-risk ruling adds policy and defense-related overhang for Anthropic-linked AI supply chains.