03:24 PM EDT, 10/24/2025 (MT Newswires) -- Tech stocks rose late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) increasing 1.9% and the SPDR S&P Semiconductor ETF (XSD) advancing 1.1%.

The Philadelphia Semiconductor index gained 2.3%.

In corporate news, Cipher Mining ( CIFR ) is planning to raise billions of dollars through junk bonds that will be backed by Alphabet's (GOOG) Google ( GOOG ), Bloomberg reported. Cipher shares jumped more than 17%.