Page 47 - Technology Select Sector News Today

Thursdays Close Shave, Troubling New Highs and Lows, Peloton Kicks Into Gear The market came within whiskers of a technical breakdown on Thursday, yet few people seem to know or care. May 07, 2021 | 07:28 AM EDT The timing of that late surge of demand across financial markets on Thursday was absolutely extraordinary. In this very column, 24 hours ago, I touched on the fact that the Nasdaq Composite had been put in the position of defending its own 50 day SMA (simple moving average) for ...

These dynamics can be seen in the SPDR S&P 500 ETF Trust (NYSE:SPY), the Technology Select Sector SPDR Fund (NYSE:XLK), and the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY). A classic "broadening formation" is forming in the SPY. It illustrates choppy and volatile action, which shows there is no clear leadership in the market. This type of action is usually followed by a move lower. When markets are rallying, levels that had been resistance turn into support. This happens becau...

Thanks to inflation fears, rising bond yields, and potential tax hikes, the outlook for tech has been cloudy. But Q.ais deep learning algorithms have crunched the numbers to bring you this months top US Tech Smart Beta ETFs — the best, good, caution, and poor.

Which Leveraged ETFs Are Seeing Colossal Inflows? May 4, 2021 Are traders souring on small caps and running with the bulls on tech? The past week saw the strongest inflows in leveraged Direxion products, particularly the Small cap strength was evident at the start of 2021, with the Russell 2000 up close to 20% in mid-March before correcting itself in April. Some analysts are pointing to the possibility of inflation fears stifling small caps. “It hangs like the sword of Damocles over the sm...

Stock Market News for May 3, 2021 Zacks.com 3 hrs ago Wall Street closed lower on Friday primarily due to profit booking by investors. Moreover, weaker-than-expected earnings results by some big companies also dented investors confidence. All the three major stock indexes ended in red. For the week as a whole, these indexes had mixed performances. However, these indexes performed impressively in April. Popular Searches How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) was...

April 30, 2021 Individual investors may prefer Windows or Mac, but most traders can agree that exposure to both can be beneficial in a short-term trading strategy with assets like the With big tech companies like Microsoft and Apple releasing earnings, tech traders may be erring on the side of bullishness given their recent results. This is especially the case with TECL, given that the leveraged fund has 30% of its holdings in both stocks. Microsoft reported its earnings earlier this week, o...

Apple and Facebook Still Thriving At the open, investors were invigorated by strong earnings results from both Apple and Facebook, with the iPhone-maker claiming that sales rocketed 54% during the quarter, with each product category seeing double-digit growth. The company also said it would boost its dividend by 7%, and authorized $90 billion in share buybacks. The moves helped Apple gain almost half a percent in early trading. Meanwhile, social media giant Facebook’s revenue popped 48%, aid...

10 Best Tech Stocks to Invest in For Long Term The previous year was a somber one for many in the world. Millions of lives were lost to the COVID-19 pandemic, small business owners were forced to shut down or liquidate operations, and social distancing restrictions confined large parts of the world population to their homes for months. In the midst of all the chaos, there was a bull trend in the stock market for technology stocks that had adapted to the new economic conditions and seemed to thr...

The Technology Select Sector SPDR Fund (NYSE:XLK), Health Care Select Sector ...

Share: It’s been a great time to be investing over the past five years. Virtually anything investors have touched has turned to gold since 2016, and the SPDR S&P 500 ETF (NYSE: SPY) total return over that stretch has been 120.1%. High-growth tech stocks have been some of the best performers in the market over that five-year stretch. In fact, the Technology Select Sector SPDR Fund (NYSE: XLK) has more than doubled the S&P 500’s gains, generating a 247% total return over the last five years...