01:36 PM EDT, 05/02/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.7% and the SPDR S&P Semiconductor ETF (XSD) climbing 5%.

The Philadelphia Semiconductor index popped 3.7%.

In corporate news, the US Department of Justice asked a federal judge in Virginia to force Alphabet's (GOOG, GOOGL) Google ( GOOG ) to sell off key parts of its advertising technology and share data with competitors to address a ruling that the tech giant illegally monopolizes the market for placing ads around the internet. Alphabet shares were rising 1.9%.