Sector Update: Tech

03:24 PM EDT, 08/25/2026 (MT Newswires) -- Tech stocks advanced late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%. The Philadelphia Semiconductor index climbed 1%. In corporate news, Amazon.com-backed (AMZN) Anthropic is likely to project a total addressable market of more than $30 trillion in its upcoming IPO filing, exceeding the $28.5 trillion that Space Exploration Technologies (SPCX) cited in its offering, The Wall Street Journal reported. Amazon shares were down 0.8%.