Latest News for XLK

You bought Technology Select Sector SPDR Fund (NYSEARCA:XLK) for tech exposure.

As longtime advisors and investors know, sometimes it's not enough to simply keep an eye on what ETFs are currently available on the market. In fact, it's oftentimes crucial to monitor the funds that are being filed as well.

These leveraged ETFs posted outsized gains last week as Alibaba, HPE and AI stocks rallied, while Rocket Lab's slump boosted an inverse leveraged ETF.

As the Q2 earnings season kicks off, the market is widely anticipating strong results, with the technology and energy sectors expected to lead the charge. Current analyst expectations point to a robust 23.3% earnings growth for the S&P 500, which would mark the second consecutive quarter of over 20% growth, according to FactSet.

Corporate executives across the U.S. technology sector are buying their own company shares at the fastest pace on record.
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