01:40 PM EDT, 11/01/2024 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.

The Philadelphia Semiconductor index advanced 1.4%.

In corporate news, Amazon ( AMZN ) late Thursday reported Q3 results that surpassed Wall Street's estimates as it logged double-digit revenue gains for its cloud-computing platform and advertising business. Its shares jumped past 6%.