03:52 PM EDT, 03/31/2026 (MT Newswires) -- Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 4.1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 6.5%.

The Philadelphia Semiconductor index jumped 6.1%.

In corporate news, Apple ( AAPL ) is testing a new Siri feature that will enable the digital assistant to handle multiple commands in a single query, Bloomberg reported. The feature is being developed as part of the company's iOS 27, iPadOS 27, and macOS 27 operating systems due later this year, sources told the media outlet. Apple ( AAPL ) shares rose 3%.

Nvidia ( NVDA ) has invested $2 billion in Marvell Technology ( MRVL ) as part of a partnership between the companies. Nvidia ( NVDA ) shares rose 5.6%, and Marvell ( MRVL ) jumped past 12%.

Oracle (ORCL) has begun laying off employees, Business Insider reported Tuesday, citing affected workers and social media posts. The layoffs appear to be global, though the full scope of the reductions could not be determined, with multiple employees indicating job cuts in posts on LinkedIn, according to the report. Oracle shares were up 5.8%.

Activist investor Irenic Capital Management has built a stake in Snap (SNAP) and is looking to make changes to improve the company's operating and financial performance, Bloomberg reported. Snap shares surged past 14%.