01:20 PM EDT, 07/01/2025 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 0.6% and the SPDR S&P Semiconductor ETF (XSD) adding 0.5%.

The Philadelphia Semiconductor index shed 0.2%.

In corporate news, Wolfspeed ( WOLF ) shares more than doubled. The company said late Monday it has taken the next step to implement its restructuring support agreement with key lenders, including holders of over 97% of its senior secured notes.