Information technology stocks jumped nearly 4% at midday Monday.

Xero (ASX:XRO) gained 5% in recent trade.

On the flip side, the energy sector struggled, shedding about 4%.

Woodside Energy Group (ASX:WDS) shares were down almost 4% in recent trade even after the Western Australian government decision to grant "state significant project" status to the proposed Browse to North West Shelf gas project.