Sector Update: Tech

03:29 PM EDT, 09/11/2026 (MT Newswires) -- Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 3.1%. The Philadelphia Semiconductor index climbed 1.9%. In corporate news, Dell (DELL) shares jumped past 10% after RBC Capital Markets initiated its coverage of the computer maker's stock with an outperform rating and a $640 price target. Dell is well positioned to benefit from the multiyear AI infrastructure spending cycle, RBC said in a note.