03:35 PM EDT, 07/30/2024 (MT Newswires) -- Tech stocks were falling late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.5% and the SPDR S&P Semiconductor ETF (XSD) dropping 3.9%.

The Philadelphia Semiconductor index fell 3.8%.

In corporate news, Tenable (TENB) shares jumped nearly 11% after Bloomberg reported Tuesday that the company is exploring a potential sale after getting takeover interest.