01:34 PM EST, 11/07/2024 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.3% and the SPDR S&P Semiconductor ETF (XSD) adding 1.2%.

The Philadelphia Semiconductor index climbed 1.9%.

In corporate news, EPAM Systems ( EPAM ) shares surged nearly 14% after the company reported higher Q3 adjusted earnings and revenue. EPAM ( EPAM ) also raised its outlook for the full year.