03:31 PM EDT, 05/30/2024 (MT Newswires) -- Tech stocks were mixed in late Thursday afternoon trading with the Technology Select Sector SPDR Fund (XLK) falling 2.2% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%.

The Philadelphia Semiconductor index decreased 0.7%.

In corporate news, HP (HPQ) shares surged 17%, a day after the company posted fiscal Q2 results that exceeded market expectations.