01:28 PM EST, 12/17/2024 (MT Newswires) -- Tech stocks were in the red Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) falling 1.6%.

The Philadelphia Semiconductor index dropped 1.5%.

In corporate news, Amentum (AMTM) shares tumbled 11% after reporting a year-over-year decline in fiscal Q4 adjusted earnings and sales.