Sector Update: Tech

Tech stocks rose late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) increasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) up 1.6%.

The Philadelphia Semiconductor index gained 0.3%.

In corporate news, Complete Solaria CSLR said Monday it appointed Executive Chair T.J. Rodgers as chief executive and promoted Chief Financial Officer Brian Wuebbels to chief operating officer. Its shares soared 83%.