03:52 PM EST, 01/30/2025 (MT Newswires) -- Tech stocks were mixed late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) rising 1.2%.

The Philadelphia Semiconductor index climbed 1.8%.

In corporate news, Hewlett Packard Enterprise ( HPE ) and Juniper Networks ( JNPR ) said Thursday they will "vigorously defend" their proposed deal in court following the US Justice Department's decision to file a lawsuit to block the $14 billion transaction on antitrust grounds. Hewlett Packard ( HPE ) shares fell 2.2%, and Juniper was down 2.4%.

STMicroelectronics ( STM ) shares declined nearly 9% after it reported lower Q4 results.

Microsoft ( MSFT ) issued fiscal Q3 revenue guidance that fell short of estimates, and several analysts on Thursday cut their price targets for the company. Its shares fell 6.3%.

Meta's (META) Q1 revenue outlook fell short of market estimates at the midpoint after the company recorded better-than-expected Q4 results. The shares added 1.9%.