MT Newswires Live01:54
Tech stocks were sharply higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 4.3% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing up 6.6%.
The Philadelphia Semiconductor index gained 7.7%.
In corporate news, CoreWeave (CRWV) shares surged about 26% after the company outlined plans to finance its business expansion via loans tied to customer contracts and prepayments, reducing its reliance on unsecured borrowing.
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