Sector Update: Tech-March 2024-www.financetom.com

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Sector Update: Tech

Jul 8, 2025 10:30 AM

01:08 PM EDT, 07/08/2025 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.7%.

The Philadelphia Semiconductor index rose 2.2%.

In corporate news, GlobalFoundries ( GFS ) shares jumped nearly 7% after it agreed to buy MIPS, a supplier of AI and processor IP.

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