01:43 PM EDT, 03/28/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.3% and the SPDR S&P Semiconductor ETF (XSD) up 0.4%.

The Philadelphia Semiconductor index edged down 0.1%.

In corporate news, Apple ( AAPL ) shares fell 1.3% after DZ Bank downgraded the tech giant to hold from buy while cutting its price target to $180 from $210.

Spotify ( SPOT ) shares gained 2.3% after it said Thursday it reached an agreement with Universal Music Group to distribute music videos in the US.

Vimeo ( VMEO ) is no longer being pursued by Italian mobile app developer Bending Spoons, Bloomberg reported Thursday. Vimeo ( VMEO ) tumbled 4.1%.