Tech stocks rose Friday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 1.3% and the SPDR S&P Semiconductor ETF (XSD) up 2.5%.
The Philadelphia Semiconductor index advanced 1.8%.
In corporate news, Cloudflare (NET) shares jumped 21%, a day after the reported higher-than-expected Q4 results.
Pinterest (PINS) shares dropped 12% after Q4 revenue trailed forecasts by analysts.
Take-Two Interactive Software (TTWO) shares fell 7.4% after the company’s guidance for fiscal Q4 and fiscal 2024 lagged behind consensus estimates.
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