02:11 PM EDT, 06/04/2025 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) rising 2%.

The Philadelphia Semiconductor index climbed 1.4%.

In corporate news, Hewlett Packard Enterprise ( HPE ) raised its full-year earnings outlook at the midpoint and reported stronger-than-expected fiscal Q2 results. Its shares added 1.6%.

CrowdStrike (CRWD) shares dropped 5.7% after it reported a decline in fiscal Q1 non-GAAP earnings that still beat estimates. Separately, CrowdStrike said Wednesday in a regulatory filing that it received requests for information from the US Department of Justice and the Securities and Exchange Commission regarding the July 2024 incident that led to the crash of some Microsoft (MSFT) Windows systems.

Klarna saved about $2 million by dropping Salesforce (CRM) and and other SaaS providers, according to a spokesperson. Salesforce shares were down 0.4%.