02:00 PM EST, 11/04/2024 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) adding 0.5%.

The Philadelphia Semiconductor index rose 0.3%.

In corporate news, Nvidia ( NVDA ) shares popped 2.1% after S&P Dow Jones Indices said the company will replace Intel ( INTC ) in the Dow Jones Industrial Average, effective Friday. Intel ( INTC ) shares fell 2.3%.

BCE (BCE) on Monday agreed to buy US-based internet provider Ziply Fiber in a deal with a total value of about 7 billion Canadian dollars ($5.04 billion), including debt. BCE shares were falling 9%.

Super Micro Computer ( SMCI ) might struggle to remain listed amid questions that need to be answered following the resignation of Ernst & Young as its auditor, Wedbush said in a report Monday. Its shares were rising 0.7%.