03:41 PM EST, 03/07/2024 (MT Newswires) -- Tech stocks jumprf late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 1.5% and the SPDR S&P Semiconductor ETF (XSD) spiking 3.4%.

The Philadelphia Semiconductor index jumped 3.2%.

In corporate news, Micron Technology ( MU ) shares gained 3.3% after Stifel upgraded the company's rating to buy from hold and increased its price target to $120 from $80.