01:12 PM EDT, 06/09/2025 (MT Newswires) -- Tech stocks rose Monday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.8% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.8%.

The Philadelphia Semiconductor index rose 2.1%.

In corporate news, IonQ ( IONQ ) shares rose 3.1%. The quantum computing hardware and software firm agreed to buy UK-based Oxford Ionics for $1.08 billion in cash and stock.