01:51 PM EDT, 08/08/2024 (MT Newswires) -- Tech stocks were sharply higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 3.5% and the SPDR S&P Semiconductor ETF (XSD) jumping 6.5%.

The Philadelphia Semiconductor index spiked 6.2%.

In corporate news, ChargePoint ( CHPT ) shares popped past 9%. The company said it's launching its Omni Port product, which allows any electric vehicle to charge in any parking space, regardless of its connector type, without an additional cable.