03:31 PM EDT, 04/01/2024 (MT Newswires) -- Tech stocks rose late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 0.6%.

The Philadelphia Semiconductor index advanced 1%.

In corporate news, Zapata Computing (ZPTA) shares plunged 55% in the debut on the Nasdaq following the company's merger with blank-check firm Andretti Acquisition ( ZPTA ).