03:27 PM EDT, 08/05/2025 (MT Newswires) -- Tech stocks were declining late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.8%.

The Philadelphia Semiconductor index fell 1%.

In corporate news, Microsoft ( MSFT ) -backed OpenAI said Tuesday it is releasing two open-weight AI language models at "low cost." Microsoft ( MSFT ) shares were down 1.2%.