03:36 PM EDT, 07/05/2024 (MT Newswires) -- Tech stocks were higher late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.4% and the SPDR S&P Semiconductor ETF (XSD) up 0.6%.

The Philadelphia Semiconductor index increased 0.2%.

In corporate news, SunPower (SPWR) shares tumbled past 23% after the company said Wednesday that accounting firm Ernst & Young resigned as auditor amid allegations of misconduct by senior executives.