03:31 PM EST, 01/10/2025 (MT Newswires) -- Tech stocks fell late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) each dropping 2.2%.

The Philadelphia Semiconductor index fell 2.5%.

In corporate news, Meta (META) is scrapping its corporate diversity program, Axios reported, citing a company memo. Meta shares rose 1.1%.