01:31 PM EST, 12/18/2024 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.7%.

The Philadelphia Semiconductor index rose 1.1%.

In corporate news, Jabil ( JBL ) jumped past 9% after it reported smaller-than-expected declines in fiscal Q1 results while raising its 2025 outlook.