01:50 PM EST, 11/07/2024 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) gaining 1.3% and the SPDR S&P Semiconductor ETF (XSD) adding 1.2%.

The Philadelphia Semiconductor index climbed 1.9%.

In corporate news, EPAM Systems ( EPAM ) shares jumped past 14% after the company reported higher Q3 adjusted earnings and revenue and raised its outlook for the full year.

AppLovin ( APP ) shares surged 44% in recent trading, a day after the company reported higher Q3 results that beat analysts' expectations.

Clearwater Analytics ( CWAN ) shares were up over 21% a day after it reported Q3 results that improved year-over-year and raised its full-year revenue guidance.