Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.6%.

The Philadelphia Semiconductor index added 2.5%.

In corporate news, CoreWeave (CRWV) shares rose 1% after Goldman Sachs upgraded the company to buy from neutral. CoreWeave's stock saw losses recently as investors have grown concerned over the company's debt, according to media reports.