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.