01:44 PM EDT, 10/15/2024 (MT Newswires) -- Tech stocks were falling Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 1.9% and the SPDR S&P Semiconductor ETF (XSD) declining 2%.

The Philadelphia Semiconductor index slumped 4.7%.

In corporate news, ASML ( ASML ) said in its fiscal Q3 results that it expects 2025 net sales of 30 billion euros ($32.75 billion) to 35 billion euros. Analysts polled by Capital IQ expect 35.77 billion euros.