03:19 PM EST, 12/04/2024 (MT Newswires) -- Tech stocks gained late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.8% and the SPDR S&P Semiconductor ETF (XSD) adding 0.6%.

The Philadelphia Semiconductor index climbed 1.6%.

In corporate news, Meta (META) plans to build a $10 billion data center in Louisiana. The shares rose 0.1%.