01:38 PM EDT, 05/08/2025 (MT Newswires) -- Tech stocks were rising Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1.6% and the SPDR S&P Semiconductor ETF (XSD) increasing 3.8%.

The Philadelphia Semiconductor index rose 2%.

In corporate news, Workday (WDAY) has been awarded a contract by the US Office of Personnel Management to overhaul its HR systems and support operational efficiency, a company spokesperson said Thursday in an emailed statement to MT Newswires. Workday shares climbed 3.6%.