01:40 PM EDT, 08/29/2024 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.7%.

The Philadelphia Semiconductor index rose 1.6%.

In corporate news, Nvidia's ( NVDA ) shares were falling 3.8% despite the company beating Wall Street's estimates with its fiscal Q2 results.