01:36 PM EDT, 08/05/2024 (MT Newswires) -- Tech stocks were falling Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 2.8% and the SPDR S&P Semiconductor ETF (XSD) slumping 1.8%.

The Philadelphia Semiconductor index shed 1.1%.

In corporate news, Wix.com ( WIX ) shares gained 2.2% after it said Monday it has expanded its partnership with Alphabet's (GOOG) Google ( GOOG ) to offer its users Google's ( GOOG ) Gemini for Workspace.