03:29 PM EDT, 08/04/2026 (MT Newswires) -- Tech stocks were sharply higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 5.4% and the State Street SPDR S&P Semiconductor ETF (XSD) up 6.8%.

The Philadelphia Semiconductor index climbed 7.1%.

In corporate news, Wix.com ( WIX ) shares jumped past 16% after it reported better-than-expected Q2 results, driven by demand for its AI-powered tools.