Tech stocks were higher late Friday, with the Technology Select Sector SPDR Fund (XLK) rising 1.4% and the Philadelphia Semiconductor index adding 2.2%.
In company news, Silicon Motion Technology (SIMO) shares jumped 13% after the company posted better-than-expected Q2 net sales.
Intel (INTC) shares rose past 6% after the chipmaker reported better-than-expected Q2 results late Thursday and saw price target increases from analysts.
Exponent (EXPO) shares were down over 5% after it posted lower-than-expected Q2 results.
A US Transportation Security Administration investigation has found flaws in Clear Secure’s (YOU) fast-track screening procedure at airport security lines, Bloomberg reported Friday. Clear Secure shares were down 2.8%.
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