03:12 PM EST, 11/24/2025 (MT Newswires) -- Tech stocks rose late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining 2.5% and the SPDR S&P Semiconductor ETF (XSD) jumping 3.9%.

The Philadelphia Semiconductor index surged 4.5%.

In corporate news, Apple ( AAPL ) shed "dozens" of workers on its sales team, Bloomberg reported. Apple ( AAPL ) shares rose 1.8%.