01:37 PM EST, 02/03/2025 (MT Newswires) -- Tech stocks were in the red Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.4% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.8%.

The Philadelphia Semiconductor index fell 1.5%.

In corporate news, Meta Platforms' ( META ) overall investment in virtual and augmented reality is set to surpass $100 billion in 2025, the Financial Times reported Monday. Meta shares were rising 1.9%.