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Sector Update: Tech
Aug 1, 2025 12:49 PM

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.

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