01:53 PM EDT, 04/22/2024 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.2% and the SPDR S&P Semiconductor ETF (XSD) up 1.8% recently.

The Philadelphia Semiconductor index gained 1.8%.

In corporate news, CoStar ( CSGP ) agreed to buy 3D technology firm Matterport ( MTTR ) in a cash-and-stock deal with an enterprise value of roughly $1.6 billion. Matterport ( MTTR ) shares surged 173% and CoStar ( CSGP ) shares rose 1.1%.

Informatica ( INFA ) said Monday it is not in talks to be acquired, refuting a recent report by The Wall Street Journal. Its shares tumbled 8%.

Apple ( AAPL ) is close to an agreement with FIFA that would give the tech giant worldwide television rights for a new major tournament among top teams that will be played for the first time next summer in the US, The New York Times reported. Apple ( AAPL ) shares gained 1.3% in recent trading.