01:20 PM EDT, 06/06/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.9% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.8%.

The Philadelphia Semiconductor index added 0.9%.

In corporate news, Apple's ( AAPL ) outlook is bullish before its developer conference, which is seen as pivotal to its monetization phase of its AI backbone, Wedbush said in a report. Wedbush reiterated its outperform rating. Apple ( AAPL ) shares were up 1.3%.