01:30 PM EDT, 06/03/2024 (MT Newswires) -- Tech stocks fell Monday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.5% and the SPDR S&P Semiconductor ETF (XSD) declining 1%.

The Philadelphia Semiconductor index decreased 0.7%.

In corporate news, CalAmp ( CAMP ) filed for Chapter 11 bankruptcy in a deal to be taken private by its principal secured lender. CalAmp ( CAMP ) shares plunged 58%.