ETF Trends
ETF Trends

Technology exchange traded funds (ETFs) and stocks have been solid performers this year. The information technology sector of the S&P 500 stock index was up 8.47% year-to-date as of July. During the first half of this year, the Technology Select Sector SPDR (XLK) had the second best return at 27.4%, reports David Hoffman for InvestmentNews. Currently, XLK is up 12.5% year-to-date. This ETF holds a number of tech and telecom stocks in the S&P 500, such as Cisco Systems (CSCO), Apple (AAPL), Microsoft (MSFT) and AT&T (T). Wall Street was pleased with Cisco’s earnings report today, which helped push up XLK 1.6%. Cisco makes up 6.3% of XLK.

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The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.