03:35 PM EDT, 10/10/2024 (MT Newswires) -- Tech stocks were declining late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) easing 0.2% and the SPDR S&P Semiconductor ETF (XSD) falling 1%.

The Philadelphia Semiconductor Index shed 0.9%.

In corporate news, Microsoft ( MSFT ) said Thursday it's launching new artificial intelligence-backed capabilities for its Cloud for Healthcare. Microsoft ( MSFT ) shares were down 0.5%.