01:36 PM EDT, 10/30/2024 (MT Newswires) -- Tech stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.1% and the SPDR S&P Semiconductor ETF (XSD) slumping 3.2%.

The Philadelphia Semiconductor index dropped 2.9%.

In corporate news, Alphabet's (GOOG) shares popped 4.1% after it reported overnight a year-over-year jump in Q3 earnings and revenue.