03:27 PM EST, 12/09/2024 (MT Newswires) -- Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) rising 0.4%.

The Philadelphia Semiconductor index fell 1%.

In corporate news, VeriSign ( VRSN ) shares jumped 5.2% after Baird upgraded the company's stock to outperform from neutral, while adjusting the price target to $250 from $200.