Sector Update: Tech Stocks Gain Tuesday Afternoon
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Tech stocks saw gains on Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) and the State Street SPDR S&P Semiconductor ETF (XSD) both up 1.6%. The Philadelphia Semiconductor index rose 2.6%. CoreWeave (CRWV) shares surged over 11% following an upgrade from Deutsche Bank. Corning (GLW) announced a $6 billion deal with Meta Platforms (META), while Redwire (RDW) shares jumped 28% after winning a contract with the Missile Defense Agency.
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