03:39 PM EST, 02/07/2025 (MT Newswires) -- Tech stocks fell in late Friday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.9% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.3%.

The Philadelphia Semiconductor index declined 1.8%.

In corporate news, SolarWinds ( SWI ) shares jumped past 22%. The company said Friday it has agreed to be acquired by private equity firm Turn/River Capital in an all-cash deal worth about $4.4 billion.