Technology Select Sector SPDR ETF (XLK)
| Previous close | 197.13 |
| Open | 198.59 |
| Bid | 197.77 x 1100 |
| Ask | 197.78 x 800 |
| Day's range | 197.63 - 199.40 |
| 52-week range | 145.76 - 212.35 |
| Volume | |
| Avg. volume | 6,693,580 |
| Net assets | 65.42B |
| NAV | 197.04 |
| PE ratio (TTM) | 37.53 |
| Yield | 0.71% |
| YTD daily total return | 2.58% |
| Beta (5Y monthly) | 1.22 |
| Expense ratio (net) | 0.09% |
| Inception date | 1998-12-16 |
- Yahoo Finance Video
How big will tech earnings be for markets? Top Takeaways
Do the markets bow to Big Tech or are tech leaders influenced by broader market trends? Big Tech weighs heavily on the stock market (^DJI, ^IXIC, ^GSPC) this earnings season after the run-ups — and eventual declines — in stocks comprising the Magnificent Seven. Yahoo Finance's Head of News Myles Udland and Markets Reporter Josh Schafer join Market Domination Overtime to talk about earnings forecasts for dominant tech companies like Nvidia (NVDA) and where the biggest catalysts lie this earnings season. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
'Tech outside the US' as a better opportunity in tech: Strategist
As big names in tech Amazon (AMZN) and Microsoft (MSFT) gear up to report their latest quarterly earnings, many on Wall Street look towards this week for a signal as a to how the market may move, considering the weight of these companies within the S&P 500 (^GSPC). But, could there be more to the story for the tech sector? TPQ Advisory Founder & CIO Jay Pelosky joins Yahoo Finance to give insight into the performance of the tech sector and why he is looking outside of the US for opportunities in the tech sector. Pelosky offers his views on China's tech sector: "We're more keen on tech outside the United States, and in particular, in China. And so, we have identified what we call a two-tech stack divide between the US and China, where both countries are basically sealing off their tech sectors from each other, and we think that creates a real opportunity within China tech, which has been a huge laggard versus the US. Its e-commerce market is twice the size of the US, growing at 10% per annum, and the stocks, like Alibaba (BABA), Tencent (0700.HK), etc, are trading at a 50 to 60% discount to the United States tech stocks." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Is tech innovation being stalled by higher interest rates?
With interest rates remaining elevated and uncertainty surrounding the Federal Reserve's next steps in its monetary policy, Techstars CEO Maëlle Gavet joins Yahoo Finance to share her perspective on how higher rates are hampering tech innovation. Gavet notes that higher interest rates "limit the ability for venture capital firms to raise funds," which consequently reduces their capacity to invest in innovative startups. This environment, in turn, makes it increasingly difficult for startups to grow their businesses, creating a continued cycle. Gavet points out that due to persistently high inflation numbers, it becomes challenging for the Fed to cut rates. Although markets (^DJI, ^IXIC, ^GSPC) are hoping to see an interest rate cut sometime in 2024, she states that she is "not seeing a fundamental change" in inflation that instills confidence in the Fed's willingness to pursue such a move. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
