01:51 PM EST, 11/18/2025 (MT Newswires) -- Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 0.9% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.6%.

The Philadelphia Semiconductor index dropped 1.4%.

In corporate news, Cloudflare ( NET ) said Tuesday it resolved an outage that caused disruptions to global internet services, including to the sites of social media platform X and ChatGPT, though some customers continued to face issues. Cloudflare ( NET ) shares were down 1.6%.

Amazon.com ( AMZN ) and Microsoft ( MSFT ) were both downgraded to neutral from buy by Rothschild & Co. Redburn. The European Commission said Tuesday that Amazon ( AMZN ) and Microsoft ( MSFT ) are the target of three probes over the possibility that they are violating antitrust regulation. Amazon ( AMZN ) shares fell 3.7%, and Microsoft ( MSFT ) dropped 3%.

Meta Platforms' ( META ) Chief Revenue Officer John Hegeman has decided to step down from the role, Hegeman announced Tuesday via a post on Facebook. Meta shares were down 0.4%.