01:46 PM EDT, 07/01/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) falling 1%.

The Philadelphia Semiconductor index was shedding 0.5%.

In corporate news, Meta Platforms' ( META ) advertising model is in breach of the European Commission's new digital competition law, according to the regulator's preliminary view. Meta shares were down 0.2%.