Technology stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) gaining 0.5% and the Philadelphia Semiconductor Index rising 1.1%.
In company news, Sarcos Technology and Robotics (STRC) rose 8.8%, a day after the company said it signed a manufacturing services agreement with Jabil (JBL) to support the former’s production ability for its robotic systems and sub-systems.
EHang Holdings (EH) rose 1.1% after reporting a narrower adjusted loss and higher revenue in Q4.
Microsoft (MSFT) was up 1.2% after it signed a deal with CarbonCapture to secure carbon removal credits based on the latter’s direct air capture technology, CarbonCapture said Wednesday.
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