03:22 PM EST, 11/13/2024 (MT Newswires) -- Tech stocks were declining in late Wednesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) falling 1.9%.

The Philadelphia Semiconductor index dropped 1.6%.

In corporate news, Zeta Global ( ZETA ) shares tumbled 27% after Culper Research disclosed a short position, saying the company faces "potentially devastating regulatory action" over some practices.