01:32 PM EDT, 07/12/2024 (MT Newswires) -- Tech stocks were rising Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.

The Philadelphia Semiconductor index jumped 2.5%.

In corporate news, a federal judge has granted Apple's ( AAPL ) motion to dismiss a class-action lawsuit alleging the tech giant engages in anticompetitive practices via its agreements with internet search companies that bar market entry for third-party apps. Apple ( AAPL ) shares gained 1.9%.