-- Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.9%.
The Philadelphia Semiconductor index dropped 2.9%.
In corporate news, Snap's (SNAP) Q1 loss narrowed more than market expectations, although the social media company saw persistent headwinds in its North America advertising business and recorded up to $25 million impact from the Middle East conflict. Its shares fell 2.8%.
Meta Platforms (META) has asked a Los Angeles judge to throw out a jury verdict that found the company liable for a woman's depression in a case over whether social media platforms were designed to be addictive for young users, according to a filing. Meta shares were up 0.4%.
Datadog (DDOG) raised its full-year outlook on Thursday after the software maker posted Q1 results that topped Wall Street expectations. Its shares climbed 26%.