01:15 PM EDT, 07/29/2026 (MT Newswires) -- Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fell 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) dropped 3.9%.

The Philadelphia Semiconductor index declined 3.4%.

In corporate news, Vertiv ( VRT ) shares fell past 16% after the company's Q2 revenue increased year on year but missed analysts' estimates.