03:29 PM EDT, 05/01/2024 (MT Newswires) -- Tech stocks were mixed late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.9% and the SPDR S&P Semiconductor ETF (XSD) down 0.6%.

The Philadelphia Semiconductor index dropped 1%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) laid off at least 200 workers last week from its "core" organization that includes key teams and engineering talent, CNBC reported Wednesday. Alphabet shares were gaining 2.2%.