Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.1%.
The Philadelphia Semiconductor index climbed 1.7%.
In corporate news, Oracle (ORCL) shares jumped past 11% after D. A. Davidson upgraded the company to buy from neutral, with a price target of $180.