Technology stocks were sharply lower in midday trading Tuesday, with the SPDR Technology Select Sector ETF (XLK) falling 2.3% and the Philadelphia Semiconductor Index down almost 3%. In company news, Shutterstock (SSTK) reported Q1 adjusted earnings of $1.00 per diluted share, up from $0.98 a year earlier. Analysts polled by Capital IQ expected $0.86. Shutterstock was recently shedding about 3.6%.