01:32 PM EDT, 06/04/2024 (MT Newswires) -- Tech stocks were declining Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 1.9%.

The Philadelphia Semiconductor index shed 1.3%.

In corporate news, CoreWeave has made an offer to buy Core Scientific ( CORZ ) for $5.75 per share, Bloomberg reported Tuesday. Core Scientific ( CORZ ) shares surged almost 40%.