03:36 PM EDT, 08/07/2024 (MT Newswires) -- Tech stocks were retreating late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 2.2%.

The Philadelphia Semiconductor index fell 2.2%.

In corporate news, Diebold Nixdorf ( DBD ) shares jumped nearly 9% after the company reported higher and stronger-than-expected adjusted earnings and net sales for Q2.