03:33 PM EDT, 07/15/2024 (MT Newswires) -- Tech stocks were rising late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 1.6%.

The Philadelphia Semiconductor index was up 0.3%.

In corporate news, Salesforce ( CRM ) terminated around 300 jobs this month to simplify operations, Bloomberg reported Monday. Salesforce ( CRM ) shares were shedding 0.3%.