01:35 PM EDT, 06/17/2025 (MT Newswires) -- Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.4% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.9%.

The Philadelphia Semiconductor index eased 0.2%.

In sector news, US Department of Commerce officials considered new export limits on critical technology headed to China before the recent trade talks held in London, The Wall Street Journal reported Tuesday. The unit within the agency supervising export controls mulled tougher limits on semiconductors, including terminating sales of a wider range of chip-making equipment, the report said.

In corporate news, Meta (META) said Tuesday it's testing a new video generation tool, which lets advertisers use generative AI models to convert different images into multi-scene video ads. Meta shares were down 0.2%.