Sector Update: Tech

12:49 PM EST, 11/03/2026 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4%. The Philadelphia Semiconductor index gained 3.1%. In corporate news, Apple (AAPL) reported fiscal Q4 earnings late Monday of $2.10 per diluted share, up from $1.85 a year earlier and above the FactSet consensus analyst estimate of $1.99. Revenue was $114.48 billion, up from $102.47 billion a year ago and above the FactSet consensus of $113.40 billion. Morgan Stanley said in a note Apple's services business faces near-term pressure amid factors including third-party licensing and forex headwinds, while rising memory costs drove a soft fiscal Q1 margin outlook. Apple shares were down 1.8%.