03:31 PM EDT, 06/20/2024 (MT Newswires) -- Tech stocks fell late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 1.1% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.4%.

The Philadelphia Semiconductor index slumped 2.6%.

In corporate news, Oracle (ORCL) plans to invest over $1 billion in a third cloud region in Madrid to leverage distributed cloud capabilities and artificial intelligence across Spain. The shares fell 1.1%.