01:07 PM EDT, 07/25/2025 (MT Newswires) -- Tech stocks were mixed Friday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining 0.4% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.2%.

The Philadelphia Semiconductor Index eased 0.1%.

In corporate news, Intel ( INTC ) shares slumped 9.3%, a day after the company reported a swing to a Q2 loss and outlined a plan to cut its workforce by 15% by the end of this year.