03:35 PM EDT, 09/19/2024 (MT Newswires) -- Tech stocks were sharply higher late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 3% and the SPDR S&P Semiconductor ETF (XSD) spiking 3.5%.

The Philadelphia Semiconductor index jumped 4.2%.

In corporate news, FactSet Research Systems ( FDS ) shares popped 4.3% after reporting higher fiscal Q4 earnings and revenue, beating expectations.