01:40 PM EDT, 08/16/2024 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 0.2%.

The Philadelphia Semiconductor index was fractionally lower.

In corporate news, 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%.