01:31 PM EDT, 10/18/2024 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) easing 0.1%.

The Philadelphia Semiconductor index was little changed.

In corporate news, Microsoft ( MSFT ) and OpenAI are negotiating over how to convert Microsoft's ( MSFT ) nearly $14 billion investment in OpenAI to equity as it shifts from a nonprofit to a for-profit company, The Wall Street Journal reported. Microsoft ( MSFT ) shares rose 0.2%.