03:30 PM EDT, 03/28/2025 (MT Newswires) -- Tech stocks were in the red late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.5% and the SPDR S&P Semiconductor ETF (XSD) slumping 4.6%.

The Philadelphia Semiconductor index dropped 3%.

In corporate news, Intel ( INTC ) shares were down 3.6% in recent Friday trading, a day after the company said three board members are retiring as it looks to add expertise that aligns with business objectives.