03:38 PM EDT, 06/06/2024 (MT Newswires) -- Tech stocks fell late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.8%.

The Philadelphia Semiconductor index dropped 0.9%.

In corporate news, Core Scientific ( CORZ ) shares jumped 14% after the company rejected CoreWeave's proposal to buy all of its outstanding shares for $5.75 a share in cash. The offer significantly undervalues the company and is not in the best interests of shareholders, Core Scientific ( CORZ ) said.