03:32 PM EDT, 05/17/2024 (MT Newswires) -- Tech stocks were mixed late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 0.2% and the SPDR S&P Semiconductor ETF (XSD) little changed, erasing recent losses.

The Philadelphia Semiconductor index fell 0.7%.

In corporate news, Apple ( AAPL ) is developing a new thinner version of the iPhone that will be available for launch in 2025 at the earliest, The Information reported. Apple ( AAPL ) shares rose 0.1%.