03:36 PM EDT, 06/18/2024 (MT Newswires) -- Tech stocks were edging higher late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.2% and the SPDR S&P Semiconductor ETF (XSD) up 0.1%

The Philadelphia Semiconductor index climbed 1.3%.

In corporate news, Micron Technology's ( MU ) fiscal Q3 results, slated for release on June 26, will likely beat expectations on higher sales of computer memory, Wedbush said Tuesday in a note to clients. The firm lifted Micron's price target to $170 from $130 and maintained its outperform rating. Micron shares spiked 3.5%.