03:28 PM EDT, 05/20/2024 (MT Newswires) -- Tech stocks gained late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 1.1% and the SPDR S&P Semiconductor ETF (XSD) rising 1.4%.
The Philadelphia Semiconductor index climbed 2.2%.
In corporate news, Wix.com ( WIX ) shares jumped 23.6% after the company posted better-than-expected Q1 results and updated its full-year revenue outlook.