01:55 PM EDT, 03/26/2024 (MT Newswires) -- Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.2%.

The Philadelphia Semiconductor index was little changed, erasing earlier gains.

In corporate news, shipments of Apple's ( AAPL ) iPhone in China fell 33% in February from a year earlier, Bloomberg reported, citing data from the China Academy of Information and Communications Technology. Apple ( AAPL ) shares dropped 0.2%.

TD Synnex ( SNX ) shares gained 5.4% after the company reported improved fiscal Q1 earnings that topped Wall Street expectations and boosted its stock buyback program by $2 billion.

Trump Media & Technology (DJT) shares jumped 50% in the debut on Nasdaq after the merger with blank-check firm Digital World Acquisition (DWAC).