01:53 PM EDT, 05/13/2024 (MT Newswires) -- Tech stocks advanced Monday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.5% and the SPDR S&P Semiconductor ETF (XSD) up 0.4%.

The Philadelphia Semiconductor index gained 0.3%.

In corporate news, Squarespace ( SQSP ) shares surged 13% after the company agreed to be acquired and taken private by UK investment firm Permira for $6.9 billion in cash and debt.

Apple ( AAPL ) is getting ready to start selling the Vision Pro outside the US, Bloomberg reported Monday. Apple ( AAPL ) shares rose 1.9%.

Intel ( INTC ) shares rose 2.6% after The Wall Street Journal reported Apollo (APO) is close to a deal to provide $11 billion to the chip company for a new plant in Ireland. Apollo fell 1.2%.