Sector Update: Tech

Tech stocks were gaining Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.6% and the SPDR S&P Semiconductor ETF (XSD) up 1.3% recently.

The Philadelphia Semiconductor index rose 1.8%.

In corporate news, Perficient PRFT shares surged almost 53% in recent trading after the company on Sunday reported lower adjusted earnings and revenue but said it has agreed to be acquired by EQT for about $3 billion.