03:38 PM EST, 11/22/2024 (MT Newswires) -- Tech stocks were mixed in late Friday afternoon trading with the Technology Select Sector SPDR Fund (XLK) down 0.2% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.4%.

The Philadelphia Semiconductor index shed 0.5%.

In corporate news, Elastic (ESTC) shares surged 15%, a day after the company reported fiscal Q2 results exceeded consensus forecasts and projected net income and revenue for the current quarter and fiscal 2025 above estimates.

The US Supreme Court declined to consider an appeal by Meta's (META) Facebook, meaning it will have to face a lawsuit accusing it of misleading shareholders regarding the 2015 data breach involving Cambridge Analytica. Meta shares fell 0.6%.

VeriSign ( VRSN ) shares fell 2%. The company is facing calls from two Democratic lawmakers for a probe into how it charges for the .com domain, Wired reported.

Reddit ( RDDT ) shareholder Advance Magazine Publishers is looking to establish a credit facility using its Reddit ( RDDT ) stake, offering 7.8 million Reddit ( RDDT ) shares for $145.38 to $148.54 apiece or up to $1.2 billion, Bloomberg reported. Reddit ( RDDT ) shares tumbled 7.6%.