Technology Select Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The S&P 500 (SP500) on Friday advanced 1.58% for the week to end at 5,431.60 points, posting gains in four out of five sessions. Read more here.

The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks drive broader market gains. The S&P 500 also recorded its fourth straight positive day, rising 0.2% to a record closing level of 5,433 points, rebounding from a morning dip caused by disappointing unemployment claims data. In the afternoon, traders regained confidence in risky assets after U.S. Treasury Secretary Janet Yellen express

The XLK tech ETF has seen big underperformance as diversification rules have limited Nvidia's position to about 5%.

Apple's share-price surge on Tuesday has propelled the rise of many exchange-traded funds (ETFs), especially tech-focused ones, that hold the influential stock.

Sollinda Capital Management LLC acquired a new stake in Direxion Daily Technology Bear 3X Shares (NYSEARCA:TECS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,000 shares of the company’s stock, valued at approximately $188,000. Separately, Quantbot Technologies LP […]