Technology Select Sector SPDR Fund (XLK)
After hours:
| Previous Close | 197.13 |
| Open | 198.59 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 800 |
| Day's Range | 196.97 - 199.40 |
| 52 Week Range | 146.44 - 212.35 |
| Volume | |
| Avg. Volume | 6,631,229 |
| Net Assets | 65.42B |
| NAV | 197.04 |
| PE Ratio (TTM) | 37.52 |
| 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
Maybe it's time to move away from tech, Mag. 7: Strategist
Several names in the Magnificent Seven are gearing up to release their first-quarter earnings, with much of Wall Street waiting with bated breath as these tech giants hold much of the value of the S&P 500 (^GSPC). Despite seeing historic gains with these names, some on Wall Street grow concerned over future performance, causing hesitation for further investment in the tech sector. Ladenburg Asset Management CEO and Osaic Chief Market Strategist Phil Blancato joins Market Domination to give insight into the upcoming week of tech earnings and what investors need to keep in mind when buying into the sector. Blancato gives advice as to how to proceed during times of uncertainty: "If you have money there and you haven't taken any profits especially with a bounce like this, I do have a CAPE [ratio] moving some of that money away in the traditionally more defensive sectors... I want to see it earn a dividend. I think the energy sector is really underpriced, the financials have really come back and are quite strong and have hung in there real well." He continues: "The other parts of the market that have better valuations are going to get you through the next two quarters. The next two quarters are difficult because we are seeing a gradual slowdown in the labor market, for example, you look at the number of open jobs versus the number of people looking, that number's continuing to narrow." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
'Magnificent Seven' market dominance 'not unique': Strategist
Tesla (TSLA), Microsoft (MSFT), Alphabet (GOOGL, GOOG), and Amazon (AMZN) -four of the "Magnificent Seven" - are gearing up to release their latest quarterly earnings this week. Much of Wall Street is eagerly awaiting these earnings, considering how much weight in the major indexes these stocks hold. Goldman Sachs Global Chief Equity Strategist Peter Oppenheimer joins Yahoo Finance to give insight into the upcoming week of Big Tech earnings and puts the market dominance from these companies in a historical context, extrapolating what can be learned from the past. Oppenheimer says Big Tech's dominance is "not unique historically. We've had the largest companies in the index of typically been somewhere between 5% and 20%. So if you went back to the 1960s, for example, the big car companies were as big in the index as the bigger technology companies are today." He continues with: "One of the things I would say is very positive is that there have been times, on occasion, in the past when the biggest companies have been very expensive and they've really reflected hopes and expectations of future profits rather than current strong results...It's not unique to have the concentration or the size and scale of companies that we're seeing currently, but the rather good thing, I think, is that these companies are actually achieving very, very strong profitability. " For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
