03:46 PM EDT, 03/17/2025 (MT Newswires) -- Tech stocks rose late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.

The Philadelphia Semiconductor index advanced 1.8%.

In corporate news, Alphabet's (GOOG, GOOGL) Taara project is spinning out of Google X to become an independent company offering high-speed internet connectivity using beams of light, Taara Chief Executive Mahesh Krishnaswamy said in a blog post Monday. Alphabet shares were down 0.3%.