03:09 PM EDT, 07/24/2026 (MT Newswires) -- Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 5.4%.

The Philadelphia Semiconductor index shed 4.7%.

In corporate news, SK Hynix ( SKHY ) and Samsung Electronics are set to sign large supply deals with US technology firms during President Lee Jae Myung's visit to San Francisco, several media outlets reported Friday, citing a senior presidential official. SK Hynix ( SKHY ) shares were down 8.9%.