12:52 PM EDT, 06/12/2026 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.

The Philadelphia Semiconductor index climbed 2.1%.

In corporate news, Space Exploration Technologies ( SPCX ) shares jumped 24% as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.