02:07 PM EDT, 08/06/2024 (MT Newswires) -- Tech stocks were advancing Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) popping 3% and the SPDR S&P Semiconductor ETF (XSD) adding 2.2%.

The Philadelphia Semiconductor index rose 3.2%.

In corporate news, Palantir ( PLTR ) shares jumped nearly 12% after the software maker late Monday reported stronger-than-expected Q2 earnings and revenue.

Teradata ( TDC ) shares declined more than 13% following several analyst actions, a day after the company reported a lower Q2 revenue which also trailed analysts' expectations.

Clear Secure ( YOU ) shares surged past 25.6% after its Q2 adjusted earnings and revenue beat analysts' estimates.