02:48 PM EDT, 06/10/2026 (MT Newswires) -- Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.9%.

The Philadelphia Semiconductor index slumped 2.9%.

In corporate news, ASML ( ASML ) will cut fewer jobs than the roughly 1,700 positions it initially planned to eliminate following negotiations with Dutch labor unions, Bloomberg reported. ASML ( ASML ) shares were down 1.8%.