02:01 PM EDT, 08/16/2024 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%.

The Philadelphia Semiconductor index was fractionally lower.

In corporate news, AvePoint ( AVPT ) is working with advisers as it considers getting listed in Singapore, Bloomberg reported Friday. AvePoint ( AVPT ) shares were shedding 1.3%.

PropertyGuru ( PGRU ) shares jumped 4.7% after saying it agreed to be acquired by affiliates of EQT's BPEA Private Equity Fund VIII in an all-cash deal valuing the company at $1.1 billion.

Palo Alto Networks' ( PANW ) guidance for fiscal 2025 will be a key focus when the company reports Q4 results on Monday as the cybersecurity firm executes its "platformization" strategy, Wedbush Securities said in a note on Friday. Palo Alto shares were falling nearly 3%.