01:36 PM EDT, 08/21/2025 (MT Newswires) -- Tech stocks retreated Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) easing 0.4%.

The Philadelphia Semiconductor index was down 0.8%.

In corporate news, Apple ( AAPL ) is raising the subscription price for Apple TV+ by 30% for US customers to $12.99 per month, according to media reports. Apple ( AAPL ) shares were shedding 0.8%.

Alphabet's (GOOG) Google ( GOOG ) will provide the US government with a suite of artificial intelligence and cloud services to accelerate AI adoption, the US General Services Administration said Thursday. Alphabet shares added 0.2%.

Dayforce ( DAY ) is set to be acquired by software investment firm Thoma Bravo in a deal that gives the workforce management company an enterprise value of $12.3 billion and will see it taken private. Dayforce ( DAY ) shares rose 2.1%.