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Sector Update: Tech Stocks Higher Late Afternoon
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Sector Update: Tech Stocks Higher Late Afternoon
Oct 31, 2025 1:12 PM

03:58 PM EDT, 10/31/2025 (MT Newswires) -- Tech stocks rose late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) rising 1.5%.

The Philadelphia Semiconductor index added 0.7%.

In corporate news, Unity Software ( U ) shares climbed 4.7% after BTIG Research upgraded the company to neutral from sell.

Apple's ( AAPL ) fiscal Q1 sales will likely grow 10% to 12% year-over-year, and iPhone revenue is set to rise double digits, Chief Financial Officer Kevan Parekh said, after the company reported higher fiscal Q4 earnings and sales. Apple ( AAPL ) shares were down 0.3%.

Globalstar ( GSAT ) is exploring a potential sale and has held early discussions with SpaceX and other potential buyers, Bloomberg reported. Globalstar ( GSAT ) shares climbed 7%.

Twilio ( TWLO ) shares jumped past 19% after UBS Securities raised its price target on the stock to $150 from $135, following higher Q3 results.

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