04:25 PM EST, 03/04/2024 (MT Newswires) -- Tech stocks ended steady Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) unchanged and the SPDR S&P Semiconductor ETF (XSD) down 0.1%.

The Philadelphia Semiconductor index gained 1.1%.

In corporate news, BlackSky Technology ( BKSY ) said Monday it secured a multimillion-dollar contract to support the US Department of Defense's moving target AI training. Its shares rose 6.3%.

Apple ( AAPL ) was fined more than 1.8 billion euros ($1.96 billion) on Monday by the European Union's executive arm for allegedly abusing its market position for the distribution of music streaming apps. Apple ( AAPL ) shares fell 2.5%.

Iridium Communications ( IRDM ) fell 1.4%. The company plans to acquire the rest of Satelles, a provider of satellite-based time and location services, for $115 million, net of cash.

Blackbaud ( BLKB ) said Monday that it plans to buy back 7% to 10% of its common stock through the end of this year as part of its $500 million share buyback program. Its shares rose 3%.