03:38 PM EST, 11/06/2024 (MT Newswires) -- Tech stocks surged late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) climbing 2.9% and the SPDR S&P Semiconductor ETF (XSD) jumping 4.3%.

The Philadelphia Semiconductor index rose 3.3%.

In corporate news, Qualys ( QLYS ) shares soared 23%. The company is exploring options that include a possible sale after receiving takeover interest, Bloomberg reported.