03:23 PM EST, 12/05/2024 (MT Newswires) -- Tech stocks fell late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) declining 1.6%.

The Philadelphia Semiconductor index dropped 1.8%.

In corporate news, Meta (META) is collaborating with Lightstorm Vision to create 3D/mixed reality entertainment experiences for the Meta Quest VR headset, including live sports, concerts, movies and TV shows. Meta shares shed 1%.