03:42 PM EDT, 05/15/2025 (MT Newswires) -- Tech stocks fell late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) declining 1.2%.

The Philadelphia Semiconductor index dropped 1%.

In corporate news, Cisco ( CSCO ) shares rose 4.9%, a day after the company reported fiscal Q3 non-GAAP earnings and revenue that rose more than analysts expected.