01:35 PM EST, 12/10/2024 (MT Newswires) -- Tech stocks were in the red Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.1% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.1%.

The Philadelphia Semiconductor index fell 2.1%.

In corporate news, Oracle (ORCL) shares tumbled nearly 8% after it reported late Monday fiscal Q2 non-GAAP earnings and revenue that trailed analyst expectations.