01:10 PM EDT, 08/22/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 4.4%.

The Philadelphia Semiconductor index added 3%.

In corporate news, Zoom Communications ( ZM ) shares rose 11% after the video communication platform lifted its full-year outlook and reported a surprise increase in its Q2 earnings.