01:32 PM EST, 11/11/2024 (MT Newswires) -- Tech stocks were in declining Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1% and the SPDR S&P Semiconductor ETF (XSD) tumbling 3.8%.

The Philadelphia Semiconductor index slumped 3.4%.

In corporate news, MicroStrategy's ( MSTR ) shares jumped 20% after the company announced updates regarding its bitcoin purchases and capital market activities.