Tech stocks rose Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1% and the Philadelphia Semiconductor index adding 2.5%.
In corporate news, Apple (AAPL) shares fell 1.1% after the company reported late Thursday a decline in fiscal Q4 sales and warned holiday sales may be negatively impacted by the sluggish Chinese economy.
Integral Ad Science (IAS) shares jumped nearly 18% after the company reported a revenue increase in Q3 and raised its full-year 2023 revenue outlook.
Fortinet (FTNT) stock slumped past 13% after saying it expects 2023 revenue of $5.27 billion to $5.33 billion, down from the previous estimate of $5.35 billion to $5.45 billion. Analysts surveyed by Capital IQ expect $5.4 billion.
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