03:30 PM EDT, 05/16/2024 (MT Newswires) -- Tech stocks eased late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each shedding 0.1%.

The Philadelphia Semiconductor index was little changed.

In corporate news, BM Technologies ( BMTX ) shares surged 57%, a day after the company reported Q1 revenue that beat market expectations.