XLK Stock Recent News

Jessica Inskip, Stockbrokers.com director of investor research, joins 'Power Lunch' to discuss how to navigate through the tech trade.

State Street Global Advisors have revamped the weighting and rebalancing of their 11 Select Sector SPDR Funds, notably affecting XLK's top holdings. The new methodology aims to prevent extreme rebalancing, ensuring more stable and proportional weights for top stocks like AAPL, NVDA, and MSFT. The changes reduce turnover and could boost performance.

TDV: 1.14% Yield Makes These Tech Dividend Aristocrats A Tough Sell

Technology stocks led the 2024 rally but have since declined sharply, with XLK's performance suffering in part due to heavy reliance on Microsoft and NVIDIA. Both Microsoft and NVIDIA are in downtrends, contributing to XLK's bearish momentum and poor technical indicators, including falling below key support levels. XLK's seasonality is weak in September, but historically strong in October and November, suggesting a potential year-end rally after further declines.

Expecting a big drawdown in September? Not so fast - here's what most investors usually miss.

To get the latest market news check out finance.yahoo.com Financials (XLF) and Communication Services (XLC) led Friday's sector action as Information Technology (XLK) worked its way into the green by afternoon trading. All three major indexes edged higher following a rally in equities one day prior.

Equity markets (^DJI, ^IXIC, ^GSPC) are rebounding, with the technology sector (XLK) at the forefront. CFRA Research Senior Equity Analyst Angelo Zino joins Catalysts to share his outlook on the tech market.

U.S. technology stocks are currently under significant pressure, as noted by Citigroup strategists. Here are some tech ETFs to consider.

The Technology Select Sector SPDR Fund (XLK) is down 6% this month amid a downturn for technology stocks.

XLK ETF down almost 15% from its July high, underperforming the S&P 500 ETF by 6%+. However, the technology sector sell-off was not rational; earnings were strong, and we are still in a long-term secular bull market in Tech, driven by AI and other growth catalysts too. The XLK ETF has a concentrated portfolio, with 41% in just two stocks: Microsoft & Nvidia. The expense fee is a very reasonable and economic 0.09%.