01:35 PM EDT, 06/18/2024 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the SPDR S&P Semiconductor ETF (XSD) up 0.5%.

The Philadelphia Semiconductor index climbed 1.7%.

In corporate news, Nvidia ( NVDA ) shares were up 3.5% in recent Tuesday afternoon, lifting the company's market capitalization above Microsoft's (MSFT) to become the largest in the world.