01:27 PM EDT, 08/13/2024 (MT Newswires) -- Tech stocks were sharply higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.8% and the SPDR S&P Semiconductor ETF (XSD) jumping 4.3%.

The Philadelphia Semiconductor index climbed 3.9%.

In corporate news, Sea (SE) shares popped 11.6%. The company's Q2 earnings fell year over year while revenue rose more than expected, driven by its e-commerce segment.