01:06 PM EDT, 07/07/2025 (MT Newswires) -- Tech stocks were retreating Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 2.2%.

The Philadelphia Semiconductor index fell 1.6%.

In corporate news, CoreWeave ( CRWV ) plans to buy Core Scientific ( CORZ ) in a $9 billion all-stock deal expected to close in Q4. CoreWeave ( CRWV ) shares dropped 3.6%, and Core Scientific ( CORZ ) was tumbling past 16%.