03:25 PM EDT, 06/26/2024 (MT Newswires) -- Tech stocks fell late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) sliding 0.7% and the SPDR S&P Semiconductor ETF (XSD) falling 0.8%.

The Philadelphia Semiconductor index dropped 1.2%.

In corporate news, Apple ( AAPL ) shares rose 2% after Rosenblatt upgraded the tech giant to buy from neutral and raised its price target to $260 from $196.