01:34 PM EDT, 04/25/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the SPDR S&P Semiconductor ETF (XSD) adding 1.7%.

The Philadelphia Semiconductor index rose 1.7%.

In corporate news, Meta Platforms ( META ) late Wednesday reported Q1 earnings and revenue that topped estimates by analysts while raising its spending guidance in 2024. The shares slumped 11%.