01:38 PM EDT, 07/29/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) little changed and the SPDR S&P Semiconductor ETF (XSD) up 0.7%.

The Philadelphia Semiconductor index rose 0.3%.

In corporate news, ON Semiconductor (ON) fiscal Q2 results decreased year over year but topped market estimates, while the chipmaker issued an earnings outlook for the ongoing three-month period that matched analyst expectations at the midpoint. Its shares surged past 12%.