03:33 PM EDT, 06/29/2026 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.9%.

The Philadelphia Semiconductor Index gained 3.4%.

In corporate news, Astera Labs ( ALAB ) shares jumped 14% after UBS adjusted the company's price target to $400 from $205 while maintaining its neutral stock rating.