01:38 PM EST, 02/07/2025 (MT Newswires) -- Tech stocks fell in Friday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.5% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.1%.

The Philadelphia Semiconductor index declined 1.3%.

In corporate news, Amazon.com ( AMZN ) reported higher Q4 earnings and net sales late Thursday and issued Q1 net sales guidance below expectations by analysts. The shares fell 3.4%.