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THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF News

$202.55
+5.49 (+2.79%)
At Close: May 03, 2024
Michael Gayed predicts a credit event in the market and warns of longer-term concerns around U.S. debt trajectory. He discusses the disconnects in the AI mania and inter-market dynamics.
Although investors' sentiments have been dampened by the tepid outlook provided by Apple, there are several positive factors that make investing in Apple ETFs a compelling option.
Although the overall market, specifically the technology sector, has faced steady selling pressure over the previous three months, now down about 2% year-to-date, the sector has still outperformed.

Fed Stays Put: 5 Wining Tech ETFs

09:01am, Thursday, 02'nd Nov 2023
As expected, the Federal Reserve announced on Wednesday that it would keep its benchmark interest rate within the range of 5.25% to 5.50%.
The tech titan is expected to report the fourth consecutive decline in revenues that could spread fears of pessimism.
Microsoft posts strongest sales growth in six quarters, driven by higher demand for its cloud computing services.
This week marks a pivotal moment in the financial world as some of the globe's most influential companies unveil their quarterly earnings reports, particularly in the technology sector.

XLK: Big Tech Emerging As Beacon Of Value

06:00am, Monday, 23'rd Oct 2023
Tech represents the new beacon of value in a macroeconomic environment with high interest rates and a resilient US economy. The Technology Select Sector SPDR® Fund ETF has experienced pullback, creat
Six of seven big tech stocks, known as, Magnificent Seven, are likely to report in the coming days. One tech behemoth of the group, Tesla, has already reported.
Considering the growing demand for generative AI-enabled enterprise software and a possible improvement in profitability due to cost-cutting initiatives, we believe that there is still upward potentia
XLK has outperformed the broader market rally this year, driven by growth optimism and opportunities in artificial intelligence. We expect firming margins and a resilient operating environment to be m

4 Top-Ranked Sector ETFs to Buy for Q4

02:16pm, Friday, 13'th Oct 2023
The S&P 500, the Nasdaq and the Dow Jones -- all underperformed in the third quarter of 2023. However, these top-ranked sector ETFs might outperform in the fourth quarter.
Look into how ETFs are affected after the U.K.'s CMA granted clearance to Microsoft's $69 billion takeover of Activision.
Scott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss his thoughts on the tech sector, the overseas and domestic markets, and whether lower yields are needed for growth
Investing in the technology sector will always be a good option and very promising. It's in constant evolution and growth, but we may wonder: Which specific company should I invest in?
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