03:18 PM EST, 11/17/2025 (MT Newswires) -- Tech stocks declined late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 2.1% and the SPDR S&P Semiconductor ETF (XSD) slumping 3.5%.

The Philadelphia Semiconductor index shed 2.5%.

In corporate news, Amazon.com ( AMZN ) founder (AMZN) Jeff Bezos launched an AI start-up that he will help lead as co-chief executive officer, the New York Times reported. Amazon ( AMZN ) shares fell 1.5%.