03:28 PM EDT, 05/15/2024 (MT Newswires) -- Tech stocks were higher late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) gaining 2.2% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.8%.

The Philadelphia Semiconductor index rose 2.7%.

In corporate news, Microsoft ( MSFT ) said Wednesday it will require its main suppliers to use 100% renewable energy by 2030 as the tech giant aims to see progress in reducing indirect emissions in its value chain. Its shares added 1.9%.