01:42 PM EDT, 07/21/2025 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) rising 1.4%.

The Philadelphia Semiconductor index increased 0.8%.

In corporate news, Equinix ( EQIX ) is under pressure from Elliott Investment Management, which has built up its stake in the data center operator and is pushing for steps to boost Equinix's ( EQIX ) share price, Bloomberg reported. Equinix ( EQIX ) shares rose 2%.

Dell (DELL) acknowledged a breach into its Customer Solution Centers platform by extortion group World Leaks, which is seeking a ransom, information security and technology-focused publication Bleeping Computer said Monday, citing the company. Dell shares were down 0.6%.

Block (XYZ) shares jumped 8%. The company will join the S&P 500 index, effective Wednesday, replacing Hess, S&P Global (SPGI) division S&P Dow Jones Indices said.

Ondas ( ONDS ) shares popped 6% after it said Monday it has retired all of its outstanding convertible notes.