01:31 PM EDT, 07/18/2024 (MT Newswires) -- Tech stocks were retreating Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 0.2%.

The Philadelphia Semiconductor index rose 0.2%.

In corporate news, Taiwan Semiconductor Manufacturing ( TSM ) reported Q2 earnings Thursday of 9.56 New Taiwan dollars ($0.29) per share, up from NT$7.01 per share a year earlier and above the Capital IQ consensus analyst estimate of NT$9.05. Its shares were shedding 0.5%.