03:14 PM EDT, 06/04/2026 (MT Newswires) -- Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) easing 0.2%.

The Philadelphia Semiconductor index dropped 1.7%.

In corporate news, CrowdStrike ( CRWD ) reported strong fiscal Q1 results amid accelerating demand for AI, but questions around the company's performance sustainability remain, BofA Securities said. CrowdStrike ( CRWD ) shares were down 4.3%.