01:31 PM EST, 02/19/2025 (MT Newswires) -- Tech stocks advanced Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) climbing 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.9%.

The Philadelphia Semiconductor index rose 1.1%.

In corporate news, Cadence Design Systems ( CDNS ) shares fell 10% as the company's 2025 earnings guidance trailed market estimates after stronger-than-expected Q4 results.