03:42 PM EST, 11/13/2024 (MT Newswires) -- Tech stocks were lower in late Wednesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) falling 1.9%.

The Philadelphia Semiconductor index dropped 1.6%.

In corporate news, Zeta Global ( ZETA ) shares tumbled more than 29% after Culper Research disclosed a short position, saying the company faces "potentially devastating regulatory action" over some practices.

Meta (META) shares were shedding 0.4%. US District Judge James Boasberg narrowed the case brought by the Federal Trade Commission against Meta a scaled-back trial over its alleged dominance of social networking.

Apple ( AAPL ) is planning to launch a wall-mounted tablet with an AI assistant to navigate apps, Bloomberg reported. Its shares rose 0.7%.

Amazon.com ( AMZN ) is set to close its free, ad-supported streaming service Freevee and fold it into the subscription-based Prime Video platform, Bloomberg reported. Amazon ( AMZN ) shares gained 2.5%.