01:22 PM EST, 01/06/2026 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.9%.

The Philadelphia Semiconductor index popped 2.6%.

In corporate news, Western Digital ( WDC ) shares jumped 15% after Morgan Stanley adjusted their price estimate for the company to $228 from $188, citing stability and growth potential, according to a report from TIMOTHYSYKES on Tuesday.