Technology Select Sector SPDR Fund
Next week’s inflation data could derail a market that’s priced for perfection
Next week’s inflation data could derail a market that appears to be priced for perfection, ahead of the Federal Reserve’s meeting later this month. The November consumer price index set to release Wednesday is expected to show an increase of 0.2% and 2.6% month on month and year over year, respectively, according to FactSet. If […]
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Stock futures are little changed after S&P 500, Nasdaq notch new closing highs: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on November 26, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were relatively unchanged on Wednesday night following a record day for stocks. Futures tied to the Dow Jones Industrial Average fell 18 points, or […]
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This tech stock ETF just posted one of its best weeks of the past few years
Leading technology stocks led an eye-popping rebound rally over the past five days, driving a key exchange-traded fund to one of its best weeks in years. The Technology Select Sector SPDR Fund (XLK) surged 8.2% this week, the most since Nov. 11, 2022, when the fund gained 10.04%. That was the same month the artificial […]
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Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Tyrone Siu | Reuters Nvidia‘s blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple. The index that […]
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Friday’s trading could trigger a $10 billion rush of demand for Nvidia shares. Here’s how
Key Points The Technology Select Sector SPDR Fund (XLK) has an upcoming rebalance based on Friday’s market caps. Apple and Microsoft are the two biggest holdings in the fund currently, at roughly 22% each. Nvidia makes up less than 6% despite being only slightly behind the two leaders in market cap. The jockeying between the […]
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Watch out, these stocks are now overvalued after going on a monster run this year
Investors may want to be careful when buying tech stocks, as some names in the sector have become overvalued after their recent gains. The Technology Select Sector SPDR Fund (XLK) and tech-heavy Nasdaq Composite have both risen around 18% this year, with the XLK surging nearly 10% in the past month alone. The S & […]
Read More'Large Limited' investor Steve Eisman concerns ɾvery person is coming into the 12 months experience much too good,' sees place for disappointment
Trader Steve Eisman of “The Significant Brief” fame is questioning the amount of bullishness on Wall Street — even with the market’s tepid start off to the yr. From enthusiasm bordering the “Outstanding 7” technological innovation stocks to expectations for numerous fascination rate cuts this calendar year, Eisman thinks there is certainly tiny tolerance for […]
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