SPY421.97-0.14 -0.03%
DIA338.65-2.11 -0.62%
IXIC14,161.35+121.67 0.87%

Sector Update: Tech

05/07/2021 09:08

01:07 PM EDT, 05/07/2021 (MT Newswires) -- Technology stocks were leading the Friday markets higher, with the SPDR Technology Select Sector ETF Friday rising 1.0% while the Philadelphia Semiconductor Index was advancing 1.4% this afternoon.

In company news, GoPro (GPRO) climbed 7.4% after the digital cameras company swung to a non-GAAP Q1 net income of $0.03 per share, reversing a $0.34 per share adjusted net loss during the year-ago period as revenue increased 70.6% year over year to $203.7 million. The Street was expecting a break-even Q1 on $186.7 million in revenue.