01:37 PM EDT, 03/10/2025 (MT Newswires) -- Tech stocks tumbled Monday afternoon with the Technology Select Sector SPDR Fund (XLK) dropping 4.2% and the SPDR S&P Semiconductor ETF (XSD) slumping 4.4%.
The Philadelphia Semiconductor index fell 4.6%.
In corporate news, ServiceNow ( NOW ) agreed to buy Moveworks for $2.85 billion. ServiceNow ( NOW ) shares fell 7.2%.