01:24 PM EST, 02/21/2025 (MT Newswires) -- Tech stocks were in the red Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.8%.

The Philadelphia Semiconductor index fell 2.8%.

In corporate news, Apple ( AAPL ) Chief Executive Tim Cook promised US President Donald Trump to move the company's manufacturing to the US from Mexico, Trump told a gathering of governors Friday, according to a Bloomberg report. Apple ( AAPL ) shares were rising 0.7%.