01:26 PM EDT, 03/20/2026 (MT Newswires) -- Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.5%.

The Philadelphia Semiconductor index lost 2%.

In corporate news, Super Micro Computer ( SMCI ) shares fell 28% after the company placed two employees on administrative leave and terminated a contractor after US prosecutors indicted all three for allegedly conspiring to violate export controls.