03:25 PM EDT, 10/25/2024 (MT Newswires) -- Tech stocks gained late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.5%.

The Philadelphia Semiconductor index advanced 1.3%.

In corporate news, Evolv Technologies ( EVLV ) shares plunged 38% after the company said it is delaying its Q3 earnings report and Form 10-Q filing because some past financial statements should not be relied upon due to inaccuracies in revenue recognition.