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Sector Update: Tech
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Sector Update: Tech
Nov 21, 2025 10:23 AM

12:58 PM EST, 11/21/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) rising 2.3%.

The Philadelphia Semiconductor index increased 0.7%.

In corporate news, Intuit (INTU) shares jumped 5.8% after it reported fiscal Q1 results above market expectations amid double-digit revenue growth in personal finance portal Credit Karma and accounting software QuickBooks, although it issued a downbeat earnings outlook for the ongoing three-month period.

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