03:31 PM EDT, 08/01/2025 (MT Newswires) -- Tech stocks dropped late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.1% and the SPDR S&P Semiconductor ETF (XSD) losing 1.4%.
The Philadelphia Semiconductor index shed 1.6%.
In corporate news, Workiva ( WK ) shares surged 30% following its stronger-than-expected Q2 results.