03:34 PM EDT, 06/03/2024 (MT Newswires) -- Tech stocks fell late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 0.4%.

The Philadelphia Semiconductor index was fractionally lower.

In corporate news, Indie Semiconductor ( INDI ) is exploring strategic options, including a potential sale, Bloomberg reported Monday. Its shares soared 12.2%.