01:17 PM EDT, 08/03/2026 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.1%.

The Philadelphia Semiconductor index added 0.5%.

In corporate news, Alibaba ( BABA ) shares climbed 4.7% after it said it has launched Qwen3.8-Max, its latest large language model.