03:31 PM EST, 03/06/2024 (MT Newswires) -- Tech stocks gained late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.4% and the SPDR S&P Semiconductor ETF (XSD) jumping 2.1%.

The Philadelphia Semiconductor index climbed 2%.

In corporate news, JD.com ( JD ) shares surged 17% after Q4 results topped expectations and the company disclosed plans for a $3 billion share buyback.