01:29 PM EDT, 06/26/2024 (MT Newswires) -- Tech stocks were slipping Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.6% and the SPDR S&P Semiconductor ETF (XSD) slipping 0.2%.

The Philadelphia Semiconductor index was shedding 0.9%.

In corporate news, Rapid7 ( RPD ) activist investor Jana Partners intends to push the company to sell itself, The Wall Street Journal reported Wednesday. Rapid7 ( RPD ) shares jumped 6.5%.