01:35 PM EDT, 03/11/2025 (MT Newswires) -- Tech stocks dropped Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.3% and the SPDR S&P Semiconductor ETF (XSD) slumped 3%.

The Philadelphia Semiconductor index retreated 1.9%.

In corporate news, Oracle (ORCL) shares fell 4.9%. Fiscal Q3 results trailed market estimates, and the company issued Q4 guidance that lagged behind Wall Street forecasts.