01:32 PM EDT, 07/26/2024 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%.

The Philadelphia Semiconductor index climbed 2.8%.

In corporate news, Microsoft's ( MSFT ) LinkedIn filed a preliminary settlement Thursday for a proposed class action that alleged the platform overcharged advertisers on inflated metrics resulting from measurement errors. Microsoft ( MSFT ) shares were rising 2.5% in recent trading.