Sector Update: Tech

01:11 PM EDT, 09/17/2026 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.5%. The Philadelphia Semiconductor index added 3.2%. In corporate news, GlobalFoundries (GFS) and Marvell Technology (MRVL) said Thursday they will increase capacity for GlobalFoundries' silicon germanium technology at its facility in Burlington, Vermont, under an expanded multiyear agreement. GlobalFoundries shares jumped nearly 7%, and Marvell climbed 5.4%.