03:28 PM EDT, 10/04/2024 (MT Newswires) -- Tech stocks rose late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 1% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.2%.

The Philadelphia Semiconductor index gained 1.3%.

In corporate news, Guidewire Software ( GWRE ) may release new long-term financial targets during an investor day on Thursday, Oppenheimer said in raising its price target to $200 from $185 on the stock "to reflect elevated confidence" in the company's long-term outlook. The firm kept its outperform rating. Guidewire shares rose 0.9%.