03:17 PM EDT, 10/22/2025 (MT Newswires) -- Tech stocks fell late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.2% and the SPDR S&P Semiconductor ETF (XSD) slumping 4.2%.

The Philadelphia Semiconductor index shed 2.8%.

In corporate news, Reddit ( RDDT ) has filed a lawsuit in federal court against four companies for allegedly stealing data by scraping Google search results that showed Reddit ( RDDT ) content, The New York Times reported Wednesday. Reddit ( RDDT ) shares fell 4.5%.