01:33 PM EDT, 08/30/2024 (MT Newswires) -- Tech stocks climbed Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the SPDR S&P Semiconductor ETF (XSD) adding 0.9%.

The Philadelphia Semiconductor index climbed 1.4%.

In corporate news, Intel ( INTC ) is working with Morgan Stanley (MS) and Goldman Sachs (GS) on strategy, including the prospect of mergers and acquisitions or a split of businesses, Bloomberg reported. Intel ( INTC ) shares jumped 8.1%.