01:06 PM EDT, 06/09/2026 (MT Newswires) -- Tech stocks were sharply lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 4.4% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 7.4%.

The Philadelphia Semiconductor index slumped 6%.

In corporate news, SailPoint ( SAIL ) on Tuesday issued a fiscal Q2 revenue outlook indicating a sequential growth slowdown, while the cybersecurity company left its full-year profit guidance unchanged. Its shares dropped 12.4%.