01:35 PM EST, 01/31/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.5% and the SPDR S&P Semiconductor ETF (XSD) rising 1.6%.

The Philadelphia Semiconductor index climbed 1.4%.

In corporate news, Apple ( AAPL ) recorded better-than-expected fiscal Q1 results, with gains in Mac and iPad sales helping to counter a decline in iPhone revenue. The shares were shedding 0.6%.