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Sector Update: Tech
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Sector Update: Tech
Jun 24, 2025 1:05 PM

03:33 PM EDT, 06/24/2025 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.8% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.9%.

The Philadelphia Semiconductor index advanced 3.6%.

In corporate news, Broadcom ( AVGO ) shares rose 3.4% after HSBC upgraded the company to buy from hold and set a $400 price target.

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