Information technology stocks advanced nearly 5% at midday Friday.
Xero (ASX:XRO) shares gained 8% in recent trade even after shareholders voted against the adoption of the company's remuneration report at its 2026 annual meeting on Thursday, delivering a "second strike" against executive compensation.
Meanwhile, the consumer staples sector struggled, shedding more than 1%.
Woolworths Group (ASX:WOW) shares fell past 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.