01:31 PM EST, 02/04/2025 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each rising 1.2%.

The Philadelphia Semiconductor index climbed 0.9%.

In corporate news, Palantir ( PLTR ) shares jumped more than 22% after the company reported late Monday higher Q4 adjusted earnings and revenue. Goldman Sachs adjusted Palantir's ( PLTR ) price target to $80 from $41.