01:38 PM EDT, 09/04/2024 (MT Newswires) -- Tech stocks rose Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) climbing 0.3% and the SPDR S&P Semiconductor ETF (XSD) gaining 1.3%.

The Philadelphia Semiconductor index advanced 1.1%.

In corporate news, Zscaler ( ZS ) shares tumbled 18%, a day after the company's fiscal 2025 earnings outlook missed Wall Street's estimates following stronger-than-expected Q4 results.