01:04 PM EDT, 05/11/2026 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.4%.

The Philadelphia Semiconductor index added 2.2%.

In corporate news, Monday.com ( MNDY ) lifted its full-year revenue outlook after the project management software company posted a surprise Q1 earnings gain. Its shares gained 2.7%.