01:53 PM EDT, 06/27/2024 (MT Newswires) -- Tech stocks were mixed in Thursday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) down 0.6%.

The Philadelphia Semiconductor index fell 0.6%.

In corporate news, Micron Technology ( MU ) forecast sales of $7.60 billion, plus or minus $200 million, for Q4. Analysts polled by Capital IQ expect $7.58 billion. "Micron tumbled after an unimpressive current-quarter forecast and dragged down chip stocks, while caution ahead of economic data and a presidential debate also dented sentiment," a research note from D.A. Davidson said. Micron shares sank 6%.

Concentrix ( CNXC ) shares popped 11% in recent trading, a day after the company posted higher fiscal Q2 non-GAAP diluted earnings and revenue.

An initiative to classify Massachusetts Uber (UBER) and Lyft ( LYFT ) drivers as independent contractors is allowed to appear on the 2024 ballot, the state Supreme Judicial Court said Thursday. Uber ( UBER ) shares fell 0.2% and Lyft ( LYFT ) added 1.1%.