Tech stocks were lower Tuesday 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 1.2%.

The Philadelphia Semiconductor index shed 0.2%.

In corporate news, CrowdStrike (CRWD) shares fell 5.3% after Mizuho Securities lowered the company's price target to $490 from $540, while maintaining its neutral rating on the stock.