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Sector Update: Tech

Jan 21, 2025 11:00 AM

01:41 PM EST, 01/21/2025 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 1% and the SPDR S&P Semiconductor ETF (XSD) rising 2.1%.

The Philadelphia Semiconductor index advanced 2%.

SoundHound AI's ( SOUN ) shares rose more than 13% after Rekor Systems ( REKR ) said it will combine its vehicle recognition software with the company's voice and conversational AI to improve emergency vehicle technology. Rekor ( REKR ) shares were up 0.6%.

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