01:37 PM EDT, 04/29/2024 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) up 1.3%.

The Philadelphia Semiconductor index rose 0.7%.

In corporate news, Apple's ( AAPL ) operating system for iPads was designated a gatekeeper under the EU's Digital Markets Act, the European Commission said. Apple ( AAPL ) shares spiked 3.2%.