01:45 PM EDT, 08/06/2024 (MT Newswires) -- Tech stocks were advancing Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) popping 3% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.1%.

The Philadelphia Semiconductor index gained 3.2%.

In corporate news, Palantir ( PLTR ) shares jumped 11% after the software maker late Monday reported stronger-than-expected Q2 earnings and revenue.