03:35 PM EDT, 07/25/2024 (MT Newswires) -- Tech stocks were mixed late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.9%.

The Philadelphia Semiconductor index retreated 0.2%.

In corporate news, STMicroelectronics ( STM ) shares sank past 14% after the company reported a year-over-year drop in its fiscal Q2 earnings.