12:50 PM EDT, 09/10/2025 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2% and the SPDR S&P Semiconductor ETF (XSD) up 1%.

The Philadelphia Semiconductor index climbed 2.3%.

In corporate news, Oracle (ORCL) shares surged 40% the company overnight reported higher fiscal Q1 results and said its contract backlog will likely exceed half a trillion dollars amid strong demand over the coming months.