03:26 PM EDT, 07/18/2024 (MT Newswires) -- Tech stocks fell late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) down 0.8% and the SPDR S&P Semiconductor ETF (XSD) slumping 2%.

The Philadelphia Semiconductor index dropped 0.7%.

In corporate news, Meta Platforms ( META ) has looked into making a multibillion-euro investment in EssilorLuxottica, the maker of Ray-Ban sunglasses, as part of efforts to develop smart glasses, the Financial Times reported. Meta shares rose 2.5%.