03:37 PM EDT, 05/05/2025 (MT Newswires) -- Tech stocks were lower late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.2% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.6%.

The Philadelphia Semiconductor index decreased 0.5%.

In corporate news, Alphabet's (GOOG) Google ( GOOG ) has partnered with Range Media Partners to launch a film and TV production initiative called 100 Zeros, Business Insider reported. Alphabet shares were adding 0.7%.