01:38 PM EST, 02/20/2025 (MT Newswires) -- Tech stocks were lower Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 0.7% and the SPDR S&P Semiconductor ETF (XSD) down 0.6%.

The Philadelphia Semiconductor index declined 0.5%.

In corporate news, EPAM Systems ( EPAM ) shares fell nearly 15% after it posted Q1 and 2025 non-GAAP EPS guidance that trailed FactSet analyst estimates.