01:34 PM EDT, 04/11/2024 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each rising 1.4%.

The Philadelphia Semiconductor Index climbed 1.7%.

In corporate news, Blackbaud ( BLKB ) shares jumped more than 6% after Bloomberg reported that Clearlake Capital is exploring a fresh offer to buy the company.