01:36 PM EDT, 09/03/2024 (MT Newswires) -- Tech stocks were in the red Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 3.7% and the SPDR S&P Semiconductor ETF (XSD) dropping 6.2%.

The Philadelphia Semiconductor index tumbled 6.7%.

In corporate news, Super Micro Computer ( SMCI ) shares were rising 1.7% after the company said Tuesday it doesn't anticipate any material changes to its Q4 or FY 2024 earnings results despite a delay in filing the annual Form 10-K.