The Philadelphia Semiconductor index decreased 0.8%.

In sector news, China will levy anti-dumping duties on certain cut-off shifted single-mode optical fiber from the US, effective Thursday, Bloomberg reported Wednesday, citing a statement from China's Commerce Ministry.

In corporate news, ServiceNow (NOW) signed a OneGov agreement with the US General Services Administration to modernize the federal government via AI-driven efficiencies, ServiceNow shares added 0.6%.

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