03:33 PM EDT, 08/19/2024 (MT Newswires) -- Tech stocks were higher in late Monday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each rising 1.2%.

The Philadelphia Semiconductor index climbed 1.3%.

In corporate news, Zoom Video Communications ( ZM ) shares popped 3% after the company said Monday it has launched a new single-use webinar product that can host up to 1 million attendees.