01:33 PM EDT, 08/23/2024 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.5%.

The Philadelphia Semiconductor index rose 2.3%.

In corporate news, Workday (WDAY) shares jumped 11%. The company reported late Thursday fiscal Q2 results above market estimates and reiterated its full-year subscription revenue outlook.