Sector Update: Tech

MT Newswires Live

01/22

Tech stocks rose late Wednesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) gaining 2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 3.7%.

The Philadelphia Semiconductor Index jumped 4%.

In corporate news, Arm (ARM) shares surged 8.2% after Susquehanna upgraded the stock to positive from neutral with a price target of $150.

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