03:22 PM EST, 02/04/2025 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) climbing 1.3% and the SPDR S&P Semiconductor ETF (XSD) rising 2.2%.

The Philadelphia Semiconductor index added 0.8%.

In corporate news, Spotify ( SPOT ) on Tuesday issued an upbeat revenue outlook for Q1 after closing out its first full year of profitability. Its shares jumped 12%.