03:36 PM EDT, 03/14/2024 (MT Newswires) -- Tech stocks fell late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) down 0.5% and the SPDR S&P Semiconductor ETF (XSD) slumping 3.1%.

The Philadelphia Semiconductor index shed 2.5%.

In corporate news, RCM Technologies (RCMT) shares tumbled 24%, a day after the company reported Q4 revenue that trailed estimates by analysts.