03:30 PM EST, 01/17/2025 (MT Newswires) -- Tech stocks climbed late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.9%.

The Philadelphia Semiconductor index popped 2.8%.

In sector news, the US Supreme Court will allow a ban on TikTok to take effect as scheduled on Sunday after rejecting an appeal on Friday.

In corporate news, Oklo ( OKLO ) shares jumped 7.2% after the company announced a collaboration with RPower to deploy a phased power model for data centers.