-- Tech stocks rose late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 4.4%.
The Philadelphia Semiconductor index advanced 2.1%.
In corporate news, Seagate Technology (STX) shares gained 10% a day after the company reported stronger-than-expected fiscal Q3 earnings and revenue and projected Q4 results above estimates.
Spotify Technology (SPOT) shares rose 2.8% after Universal Music Group said it plans to sell half of its stake in the company.
Silicon Motion Technology (SIMO) shares surged 43% a day after the company reported a jump in Q1 non-GAAP earnings and sales, topping market expectations.
Apple (AAPL) is planning to integrate AI more deeply into the iPhone's camera app by introducing a new Siri mode in its upcoming iOS 27 update, Bloomberg reported. Apple shares eased 0.3%.