01:45 PM EDT, 04/02/2025 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.9% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.7%.

The Philadelphia Semiconductor index rose 1.1%.

In corporate news, Amazon.com ( AMZN ) made a last-minute bid to buy TikTok's US operations as the deadline nears to separate the social media company from its Chinese owner or face a ban in the US, The New York Times reported. Amazon ( AMZN ) shares were rising 2.3%.