03:36 PM EDT, 04/08/2025 (MT Newswires) -- Tech stocks were lower late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 2.7% and the SPDR S&P Semiconductor ETF (XSD) slumping 6.5%.

The Philadelphia Semiconductor index fell 4.6%.

In corporate news, Micron Technology ( MU ) will levy a surcharge on several of its products starting April 9 in response to new US tariffs, Reuters reported. Micron shares were falling past 6%.