01:37 PM EDT, 06/27/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) down 0.6%.

The Philadelphia Semiconductor index fell 0.6%.

In corporate news, Micron Technology ( MU ) forecast sales of $7.60 billion, plus or minus $200 million, for Q4. Analysts polled by Capital IQ expect $7.58 billion. "Micron tumbled after an unimpressive current-quarter forecast and dragged down chip stocks, while caution ahead of economic data and a presidential debate also dented sentiment," a research note from D.A. Davidson said. Micron shares sank 6.5%.