01:36 PM EST, 12/31/2024 (MT Newswires) -- Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.9% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%.

The Philadelphia Semiconductor index fell 0.9%.

In corporate news, FTAI Aviation ( FTAI ) shares jumped nearly 16% in recent Tuesday trading, a day after the company issued its initial financial guidance for fiscal year 2025 and announced the launch of a strategic capital initiative.