The Zip Co Ltd (ASX: ZIP) share price is ending the week on a high after yesterday's catastrophic session.
And it's not alone in its gains. The tech-adjacent stock is leaping alongside many of the S&P/ASX 200 Index (ASX: XJO)'s technology shares.
At the time of writing, the Zip share price is trading at 97 cents, 3.74% higher than its previous close.
For context, the ASX 200 is also in the green, gaining 1.35%.
Let's take a look at what might be going on with the buy now, pay later (BNPL) provider's shares.
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Zip share price takes off on Friday
Zip shares are back on the horse after tumbling to a multi-year low of 91.5 cents in intraday trade yesterday.
And the BNPL stock was joined in the red by most ASX 200 tech shares. In fact, the S&P/ASX 200 Information Technology Index (ASX: XIJ) fell a whopping 8.7% on Thursday amid news of inflation overseas.
But today's a new day. The tech sector is up 4.89% on Friday with none of its constituents recording a loss.
The Block Inc (ASX: SQ2) share price is leading the pack. It's currently up 12.5%, clawing back some of yesterday's 17.6% tumble.
Despite today's partial rebound, the Zip share price is 77% lower than it was at the start of 2022. It has also dumped 85% since this time last year.
