Tech stocks were higher late Wednesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.3%.
The Philadelphia Semiconductor Index advanced 1.1%.
In corporate news, the US Department of Justice is examining how Nvidia's (NVDA) planned $12.93 billion acquisition of Hugging Face could affect competition in the AI sector, Reuters reported. Nvidia shares were down 1.3%.
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