01:22 PM EDT, 07/15/2026 (MT Newswires) -- Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.1%.

The Philadelphia Semiconductor index shed 3.2%.

In corporate news, ASML ( ASML ) reported Q2 earnings Wednesday of 7.58 euros ($8.66) per diluted share, up from 5.90 euros a year earlier but below the FactSet consensus analyst estimate of 8.59 euros. Second-quarter net sales were 9.33 billion euros, up from 7.69 billion euros a year ago but below the FactSet consensus of 10.44 billion euros. Separately, ASML ( ASML ) is planning to raise prices for its chip production equipment, The Information reported. The price increase has elicited a pushback from chipmaker Taiwan Semiconductor Manufacturing ( TSM ) , two of the sources told the news outlet. ASML ( ASML ) shares were up 0.5%, and Taiwan Semiconductor was shedding 0.9%.