Sector Update: Tech

MT Newswires Live01:05

Tech stocks were mixed Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1%.

The Philadelphia Semiconductor index was fractionally higher.

In corporate news, South Korean semiconductor company SK Hynix's (SKHYV) American depositary shares opened Friday at $170 in their debut on the Nasdaq. The initial public offering was priced at $149 per ADR to raise $26.5 billion, the company said.

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