03:31 PM EST, 11/15/2024 (MT Newswires) -- Tech stocks fell late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 2.5% and the SPDR S&P Semiconductor ETF (XSD) dropping 3.4%.

The Philadelphia Semiconductor index slumped 3.4%.

In corporate news, Palantir Technologies ( PLTR ) shares jumped 8.9%, a day after the company announced a transfer of its stock listing to Nasdaq from the New York Stock Exchange.