03:29 PM EDT, 09/18/2024 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down marginally and the SPDR S&P Semiconductor ETF (XSD) up 1%.

The Philadelphia Semiconductor index was increasing 0.3%.

In corporate news, Microsoft ( MSFT ) will not face any scrutiny in the EU for its acquisition of certain Inflection AI assets after seven member states withdrew their initial referral requests, the European Commission said Wednesday. Microsoft ( MSFT ) shares were decreasing 0.5%.