03:50 PM EDT, 04/07/2026 (MT Newswires) -- Tech stocks fell late Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.4%.

The Philadelphia Semiconductor index eased 0.1%.

In corporate news, Oracle's (ORCL) appointment of Hilary Maxson as its chief financial officer, succeeding Doug Kehring, is seen as a positive change, with the company positioning this move as part of a planned transition, UBS said in a research note. Separately, Pacific Investment Management is in talks with Bank of America (BAC) on a deal to help provide about $14 billion in debt financing to build an Oracle data center in Michigan, Bloomberg reported. Oracle shares were down 2%.

Amazon ( AMZN )-backed (AMZN) Anthropic said Tuesday that it is launching a new initiative called Project Glasswing, after the company observed its frontier model Claude Mythos Preview exceeding "most skilled humans" at finding and exploiting software vulnerabilities. Amazon ( AMZN ) shares were 0.4% higher.

Broadcom ( AVGO ) shares rose 5.5% after the chipmaker agreed to produce AI chips for Alphabet's (GOOGL) Google and expanded its collaboration with Amazon ( AMZN )-backed AI startup Anthropic.

Apple ( AAPL ) is on track to launch its first foldable iPhone on schedule in September, according to Bloomberg. Earlier, Nikkei Asia reported that manufacturing snags could delay the debut. Apple ( AAPL ) shares fell 2.6%.