01:28 PM EST, 01/24/2025 (MT Newswires) -- Tech stocks were in the red Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.4%.

The Philadelphia Semiconductor index fell 1.7%.

In corporate news, Texas Instruments ( TXN ) shares dropped nearly 7% after it reported Q4 earnings and revenue that fell from a year ago.