Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 3.3%.
The Philadelphia Semiconductor index gained 3.8%.
In corporate news, Priority Technology (PRTH) shares surged 33% after the company agreed to be acquired by an investor group led by its CEO Thomas Priore in an all-cash deal for an enterprise value of about $1.6 billion.
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