Technology stocks were ending moderately higher, with the SPDR Technology Select Sector ETF adding 0.6% in value while the Philadelphia Semiconductor Index was rising 0.4% this afternoon.
In company news, LiveXLive Media (LIVX) fell 2%, reversing a more than 3% gain earlier Monday that followed the company announcing a new, multi-year partnership with Strax Networks and the launch of its StraxAR SaaS augmented reality platform on LiveXLive devices. Financial terms were not disclosed.
Borqs Technologies (BRQS) rose 44% after the Chinese software firm Monday said it received a purchase order valued at more than $15 million to supply mobile online point-of-sale devices into the Indian market.
Apple (AAPL) was rising 1% ahead of a deadline later Monday for investors to acquire the company's stock ahead of a 4-for-1 stock split scheduled for August 31. Apple shares also are finding support after Morgan Stanley raised its price target for the tech giant by $89 to a Street-high $520 a share.
Spotify Technology (SPOT) was fractionally lower despite announcing a new, exclusive partnership with Riot Games to provide audio-streaming for its League of Legends events and also working with the company to create podcasts and playlists for the gaming community.
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