01:40 PM EST, 01/06/2025 (MT Newswires) -- Tech stocks rose Monday afternoon with the Technology Select Sector SPDR Fund (XLK) climbing 1.6% and the SPDR S&P Semiconductor ETF (XSD) gaining 3.1%.
The Philadelphia Semiconductor index jumped 3.6%.
In corporate news, Micron Technology ( MU ) shares surged 12%, leading a rally by semiconductor manufacturers.