Tech stocks rose late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.7%.
The Philadelphia Semiconductor index climbed 0.5%.
In corporate news, Sunnova (NOVA) shares jumped 16% after Piper Sandler upgraded the company’s stock to overweight from neutral while raising its price target to $26 from $13.
Apple (AAPL) is exploring various solutions, including adjusting the algorithm used for measuring blood oxygen on its smartwatches, to evade a ban on its latest Apple Watch Series 9 and Ultra 2 smartwatches in the US, Bloomberg reported Monday. Apple shares edged up 0.3%.
Linkage Global (LGCB) shares fell almost 14% in recent Tuesday trading, extending their decline after debuting on Nasdaq.
Alphabet’s (GOOG) Google has agreed to pay $700 million to settle a lawsuit brought by US states that alleged the company inhibited competition in its Play app store, according to a settlement disclosed Monday. Alphabet shares were up 0.9%.
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