03:28 PM EDT, 10/16/2024 (MT Newswires) -- Tech stocks rose late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) increasing 0.6%.

The Philadelphia Semiconductor index added 0.3%.

In corporate news, BlackBerry (BB) shares popped over 5% after the company outlined plans to grow revenue and return to profitability and said it was exploring options for the Cylance business.