01:03 PM EDT, 08/07/2026 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.3%.

The Philadelphia Semiconductor index added 2%.

In corporate news, Cloudflare ( NET ) shares jumped nearly 8% after the cloud and cybersecurity company lifted its full-year outlook following better-than-expected Q2 results.