Sector Update: Tech Stocks Fall Thursday Afternoon

01:41 PM EDT, 10/15/2026 (MT Newswires) -- Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 1.7%. The Philadelphia Semiconductor index shed 2%. In corporate news, Taiwan Semiconductor Manufacturing (TSM) shares fell 2.4% after it Q4 gross margin outlook indicated a sequential decline at the midpoint, while its revenue guidance came in ahead of market expectations. CCC Intelligent Solutions (CCC) said Thursday it has agreed to be acquired by a consortium led by GTCR and including Elliott Investment Management in an all-cash deal valuing the company at about $6.1 billion. CCC shares were down 0.2%. Amazon-backed (AMZN) Anthropic told prospective investors it is cash-flow positive on Q3 revenue of $16.8 billion ahead of a potential November initial public offering, CNBC reported late Wednesday. Amazon shares were up 0.1%. The cost of protecting CoreWeave's (CRWV) debt against default for five years rose Thursday by as much as 74.5 basis points to 1194.5 basis points, an intraday record, with swaps pricing in a chance of default at over 60% within the next five years, Bloomberg reported Thursday, citing data from ICE Data Services. CoreWeave shares were up 2.1%.