01:37 PM EDT, 09/11/2024 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.6% and the SPDR S&P Semiconductor ETF (XSD) gaining 1.9%.

The Philadelphia Semiconductor index climbed 2.3%.

In corporate news, Dell (DELL) said late Tuesday in a filing that it forecasts "a continued reduction" in its overall headcount this year as it grapples with a personal-computer refresh cycle that is yet to materialize. Its shares were up 0.6%.