01:35 PM EST, 03/05/2024 (MT Newswires) -- Tech stocks were in the red Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.6% and the SPDR S&P Semiconductor ETF (XSD) shedding 2.1%.

The Philadelphia Semiconductor index fell 2.4%.

In corporate news, Apple's ( AAPL ) iPhone sales declined by double digits in China through the first six weeks of 2024 as the firm underperformed key rivals, according to Counterpoint research. Apple ( AAPL ) shares fell 2.7%.