02:03 PM EDT, 06/13/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) down 0.6%.

The Philadelphia Semiconductor index rose 1.1%.

In corporate news, Coupang ( CPNG ) was slapped on Thursday with a fine of 140 billion won ($102 million) by South Korea's antitrust agency for allegedly engaging in unfair product promotion practices, multiple Korean news outlets reported. Its shares tumbled past 5%.

Broadcom ( AVGO ) surged 12.3% after it reported an increase in fiscal Q2 earnings and sales while raising its revenue guidance for the full financial year.

Spotify ( SPOT ) shares fell 3.3% in recent trading, a day after a songwriters' trade association filed a complaint with the Federal Trade Commission challenging the music-streaming service's "bundled" audiobook-and-music offering that allegedly led to reduced music royalties.