01:46 PM EDT, 06/30/2025 (MT Newswires) -- Tech stocks were higher Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the SPDR S&P Semiconductor ETF (XSD) up 0.4%.

The Philadelphia Semiconductor index increased 0.1%.

In sector news, the European Union will not consider any changes to its landmark rules against targeting Big Tech overreach during its trade negotiations with the US, Reuters reported Monday, citing comments made by an EU spokesperson at a news conference. The bloc's Digital Markets Act seeks to rein in the power of Alphabet (GOOG), Apple ( AAPL ) , Meta (META) and Microsoft ( MSFT ) , as well as China's ByteDance, among others, while the Digital Services Act requires major online platforms to do more to curb illegal and harmful content, the report said.

In corporate news, Hewlett Packard Enterprise ( HPE ) shares jumped 12% and Juniper Networks ( JNPR ) shares popped 8.4% after the companies said Saturday that they have reached a deal with the US Department of Justice to resolve an antitrust lawsuit against Hewlett's $14 billion planned takeover of Juniper.

Oracle (ORCL) said Monday in a regulatory filing that Chief Executive Safra Catz is expected to inform staff that the company has signed "multiple large" cloud services deals, including one that is anticipated to add over $30 billion in annual revenue starting in fiscal 2028. Oracle shares gained 4.7%.

Nvidia ( NVDA ) insiders have offloaded more than $1 billion in company shares over the past year, with over $500 million sold in June alone as the chipmaker's stock rose to record highs amid increasing AI demand, the Financial Times reported Sunday. Nvidia ( NVDA ) shares were 0.1% lower.