12:59 PM EST, 11/19/2025 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) adding 0.8%.

The Philadelphia Semiconductor index increased 0.9%.

In corporate news, Adobe (ADBE) agreed to buy digital marketing platform Semrush ( SEMR ) in an all-cash deal worth about $1.9 billion, as the software maker looks to strengthen its brand visibility services amid a rise in consumer interactions with AI systems. Semrush ( SEMR ) shares surged 74%, and Adobe was down 2%.