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Sector Update: Tech
Nov 15, 2024 11:19 AM

01:29 PM EST, 11/15/2024 (MT Newswires) -- Tech stocks fell Friday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 2.6% and the SPDR S&P Semiconductor ETF (XSD) dropping 3.1%.

The Philadelphia Semiconductor index slumped 3.4%.

In corporate news, Applied Materials ( AMAT ) shares tumbled 8.7% after the company reported a decline in fiscal Q4 GAAP earnings.

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