Designed to provide broad exposure to the Technology - Broad segment of the equity market, the Technology Select Sector SPDR ETF (XLK) is a passively managed exchange traded fund launched on 12/16/1998.
The tech sector has produced many stocks that have outperformed the S&P 500.
Tech stocks pull back after the Federal Reserve delivered a hawkish cut at its final meeting of 2024. BMO Wealth Management chief investment officer Yung-Yu Ma joins Madison Mills and Julie Hyman on Catalysts to discuss his 2025 outlook for tech stocks.
All three of the major indexes (^DJI,^GSPC, ^IXIC) rebound from a selloff fueled by the Federal Reserve's 2025 forecast coming in more hawkish than expected. Haywood Wealth Management president and co-founder Justin Haywood joins Wealth!
Denise Chisholm, director of quantitative market strategy at Fidelity, discusses tech stock performance heading into 2025 and why data and software may prove to be an opportunity. She joins Caroline Hyde on "Bloomberg Technology.
XLK, FDN, FXL, PSCT and XSW are included in this Analyst Blog.
Adam Crisafulli, Vital Knowledge founder, and Patrick Fruzzetti, Rose Advisors at Hightower managing director, join 'Closing Bell Overtime' to talk the day's market action.
XLK offers concentrated technology exposure and has over 40% in Apple, Nvidia, and Microsoft, leading to potential diversification issues. Furthermore, its blanket approach to industry groups can miss opportunities in strong trends like software in H2. Blending XLK with other ETFs can mitigate its concentration risks and potentially enhance gains, as demonstrated by successful 50/50 portfolios with XSW and IGV.
Paul Meeks, Harvest Portfolio Management chief investment officer, joins CNBC's 'Money Movers' to discuss the record highs across big tech, which tech companies he is bullish on, and more.
The Technology Select Sector SPDR ETF (XLK) was launched on 12/16/1998, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.
With just over a month remaining in 2024, the tech sector stands out as one of the year's top performers. The Technology Select Sector SPDR ETF NYSE: XLK, which tracks the performance of leading tech stocks, has gained an impressive 21.3% year-to-date.
XLK has underperformed the S&P 500 since mid-April, despite a 17% gain, due to broader earnings growth across other sectors. Technology's earnings growth premium is fading, with sectors like Financials and Industrials expected to grow at similar or higher rates by late 2025. Elevated valuations for tech stocks are harder to justify as earnings growth broadens, making other sectors more attractive at lower multiples.