01:47 PM EDT, 10/24/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) off 0.1%.

The Philadelphia Semiconductor index rose 0.3%.

In corporate news, IBM ( IBM ) shares tumbled past 6%. The company's Q3 earnings late Wednesday came in ahead of Wall Street expectations but revenue fell short of market estimates amid declines in its consulting and infrastructure segments.

Ingram Micro ( INGM ) shares jumped more than 11% in recent trading in their New York Stock Exchange debut.

Celestica ( CLS ) shares climbed 16% in recent trading, a day after it posted Q3 adjusted earnings and revenue beat and raised its 2024 guidance.