01:09 PM EDT, 03/19/2026 (MT Newswires) -- Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 0.4%.

The Philadelphia Semiconductor index eased 0.4%.

In corporate news, Micron Technology ( MU ) reported stronger-than-expected fiscal Q2 results and issued an upbeat outlook for the ongoing three-month period, but the semiconductor maker flagged higher spending plans amid memory supply constraints. Its shares fell 4%.