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Sector Update: Tech

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-- Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4%.

The Philadelphia Semiconductor index popped 4.5%.

In corporate news, Pinterest (PINS) shares jumped past 8% after it posted better-than-expected Q1 results and forecast up to 16% revenue growth year over year for the ongoing three-month period.

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