01:50 PM EDT, 07/28/2025 (MT Newswires) -- Tech stocks climbed Monday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) rising 1.5%.

The Philadelphia Semiconductor Index added 1.4%.

In sector news, Carlyle Group (CG) and Warburg Pincus said Monday they have struck a deal to sell NEOGOV, a provider of HR and compliance software for US public sector agencies, to EQT X fund and Canada Pension Plan Investment Board. Carlyle shares were down 0.7%

In corporate news, Meta Platforms ( META ) is expected to deliver a Q2 earnings beat with revenue at the high end of guidance, BofA securities said. Meta shares rose 0.4%.

NiCE (NICE) shares jumped 5.3% after the company said it has signed a deal to buy Cognigy for $955 million.

AppLovin's ( APP ) "phenomenal" growth is expected to continue, with the mobile technology provider seen largely meeting consensus estimates for Q2, Wedbush Securities said in a note. AppLovin ( APP ) shares increased 1.7%.