03:29 PM EDT, 06/02/2026 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 1% and the State Street SPDR S&P Semiconductor ETF (XSD) popping 5.9%.

The Philadelphia Semiconductor index climbed 5.2%.

In corporate news, STMicroelectronics ( STM ) shares jumped nearly 15% after it said Tuesday that it now expects to generate data center revenue of about $1 billion in 2026, compared with previous guidance of more than $500 million.