03:36 PM EDT, 07/02/2024 (MT Newswires) -- Tech stocks were gaining late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) increasing 0.3% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.8%.

The Philadelphia Semiconductor index rose 1.1%.

In corporate news, Meta Platforms ( META ) said it is "investing significantly" in generative artificial intelligence, particularly for games, according to a LinkedIn job posting. Its shares added 0.9%.