01:26 PM EDT, 09/06/2024 (MT Newswires) -- Tech stocks were falling Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 2.3% and the SPDR S&P Semiconductor ETF (XSD) slumping about 4%.

The Philadelphia Semiconductor index fell 3.7%.

In corporate news, Broadcom ( AVGO ) shares tumbled past 8% after the company late Thursday guided for fiscal Q4 revenue of about $14 billion, narrowly missing the $14.04 billion forecast from analysts polled by Capital IQ.