01:01 PM EDT, 07/31/2025 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.2%.

The Philadelphia Semiconductor index fell 1.9%.

In corporate news, Meta Platforms ( META ) shares jumped 12% after the social media company reported higher Q2 earnings and revenue that beat analyst estimates and issued Q3 revenue guidance above expectations.