-- Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.4%.
The Philadelphia Semiconductor index climbed 4.4%.
In corporate news, Intel (INTC) shares surged 20%. The chipmaker reported Q1 results above Wall Street's estimates as it benefited from AI-driven demand for its products.
(Updates with recent stock movement in headline and first paragraph.)Boyd Gaming (BYD) shares dropped 7% in afternoon trading on Friday after the company posted Q1 financial results that fell short of analysts' consensus.The company reported Q1 adjusted earnings late Thursday of $1.60 per diluted share, down from $1.62 a year earlier.Analysts polled by FactSet expected $1.71.Revenue for the quarter ended March 31 was $997.4 million, up from $991.6 million a year ago.Analysts surveyed by FactSet expected $1.00 billion.Price: $82.96, Change: $-6.19, Percent Change: -6.95%
Cargo traffic at the Port of Los Angeles is expected to fall in the week ending May 9, according to data from the ship-tracking system Port Optimizer.A total of 73,542 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume reflects a roughly 34% decrease from the previous week and a 0.8% increase from a year earlier.Eighteen freight vessels are scheduled to arrive at the port in the week ending May 9, the data showed. That is fewer than the 19 vessels each during this week and the week ending May 2.
Syntholene Energy (ESAF.V) received approval from The Depository Trust Company (DTC) for electronic clearing and settlement of its common shares in the United States, the company said early Friday.The company's common shares, trading under the ticker symbol "SYNTF" on the OTCQB Venture Market, are now eligible to be electronically cleared and settled through DTC, said the company.Its common shares will continue to trade on the TSX Venture Exchange under the symbol "ESAF" and on the Frankfurt Stock Exchange under the symbol "3DD0", the company added."DTC eligibility represents reduced friction and strengthening of the company's capital markets infrastructure as we expand engagement with U.S. investors," said CEO Dan Sutton. "This milestone supports improved market accessibility and positions Syntholene to broaden its shareholder base as we advance the construction of our Demonstration Facility in Iceland and other development initiatives."The company's shares were last seen up $0.01 at $0.69 on the TSX Venture Exchange.Price: $0.69, Change: $+0.01, Percent Change: +1.47%