03:34 PM EDT, 10/28/2024 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.1%.

The Philadelphia Semiconductor index was 0.2% higher.

In corporate news, Meta Platforms ( META ) is developing an artificial intelligence-backed search engine that will provide users with conversational answers about current events through its Meta AI chatbot, the Information reported. Meta shares rose 1.2%.