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.