03:35 PM EDT, 08/11/2025 (MT Newswires) -- Tech stocks fell late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) shedding 0.5% and the SPDR S&P Semiconductor ETF (XSD) down 0.2%.

The Philadelphia Semiconductor index increased 0.2%.

In corporate news, Monday.com ( MNDY ) shares fell 29% after the company issued a Q3 revenue outlook below market expectations at the midpoint, even after Q2 results exceeded Wall Street's estimates.