03:29 PM EST, 12/06/2024 (MT Newswires) -- Tech stocks rose late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) rising 1.5%.

The Philadelphia Semiconductor index added 0.6%.

In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI is in talks to get rid of a clause that prevents Microsoft ( MSFT ) from getting access to its most advanced technology when OpenAI reaches "artificial general intelligence," the Financial Times reported. Microsoft ( MSFT ) shares added 0.4%.