03:18 PM EST, 12/18/2024 (MT Newswires) -- Tech stocks fell late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) dropping 1.8% and the SPDR S&P Semiconductor ETF (XSD) slumping 2.5%.

The Philadelphia Semiconductor index declined 2.3%.

In corporate news, Apple ( AAPL ) stopped working on a project to build an iPhone hardware subscription service, Bloomberg reported. Apple ( AAPL ) shares shed 1.2%.