03:35 PM EDT, 09/23/2025 (MT Newswires) -- Tech stocks were lower late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.4%.

The Philadelphia Semiconductor index was shedding 0.6%.

In sector news, Royal Bank of Canada (RY) Chief Executive Dave McKay said the US plan to set a $100,000 fee on H-1B visas offers Canada a "material opportunity" to attract tech talent, Bloomberg reported, citing an interview with the CEO.

The EU is set to examine whether Microsoft (MSFT), Apple (AAPL), Alphabet's (GOOG) Google, and Booking (BKNG) are doing enough to combat online financial fraud, the Financial Times reported.

In corporate news, Palantir ( PLTR ) shares rose 1.7% after BofA raised its price target on the stock to $215 from $180 and reiterated its buy rating.