Sector Update: Tech Stocks Gain Wednesday Afternoon

MT Newswires Live

2024/12/19

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 1.6%.

The Philadelphia Semiconductor index rose 1.1%.

In corporate news, Jabil (JBL) shares jumped past 9% after the company reported a smaller-than-expected decline in fiscal Q1 revenue.

Gentex (GNTX) said Wednesday it has agreed to buy Voxx International (VOXX) in an all-cash deal expected to close in Q1 of 2025. Gentex shares rose 1.9%, while Voxx tumbled past 6%.

Sezzle (SEZL) shares sank more than 23% following a report by short-seller Hindenburg Research.

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