01:42 PM EDT, 05/24/2024 (MT Newswires) -- Tech stocks rose Friday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.9% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.2%.

The Philadelphia Semiconductor index gained 1.7%.

In corporate news, Workday (WDAY) shares tumbled 15% after the company lowered its full-year subscription sales outlook despite posting better-than-expected fiscal Q1 results.