03:23 PM EDT, 03/11/2024 (MT Newswires) -- Tech stocks were in the red late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.3% and the SPDR S&P Semiconductor ETF (XSD) decreasing 0.8%.

The Philadelphia Semiconductor index fell 1.6%.

In corporate news, Meta Platforms ( META ) shares slumped past 4% after presumptive Republican presidential nominee Donald Trump called Meta's Facebook an "enemy of the people" in a CNBC interview.