03:28 PM EDT, 09/09/2024 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.5%.

The Philadelphia Semiconductor index added 1.7%.

In corporate news, Planet Labs (PL) shares popped 6% after it said Monday that its unit Planet Federal was selected for the NASA Commercial SmallSat Data Acquisition Program On-Ramp1 multiple award contract, which has a maximum potential value of $476 million for all contractors selected.