Technology Select Sector SPDR Fund [XLK] Stock Forecast

Markets might experience short-term pressure as shutdown risks intensify. However, any resolution could lead to renewed buying interest in stocks.

The Technology sector, particularly the "magnificent-7" companies, has dominated the market in 2023. The Energy sector has seen a resurgence due to rising oil prices, outperforming Technology in the past 3.5 months. Both sectors have seen positive earnings revisions, with Energy remaining underweight despite its impressive performance.

The cybersecurity space has outperformed the broader tech space past month despite rising rate worries.

Hi! In this week's ETF Wrap, you'll see how investor demand for tech and artificial-intelligence ETFs this year pales in comparison with their strong performance.

At its annual California launch event, Apple (AAPL) revealed a suite of devices, catching the eye of its vast consumer base and the global tech community.

The Technology Select Sector SPDR ETF (XLK) was launched on 12/16/1998, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.

The Technology Select Sector SPDR® Fund ETF could experience strong gains heading into year-end. The XLK ETF is a $50 billion product with low expense ratios and high liquidity, making it an attractive investment option. The ETF is heavily concentrated in Microsoft and Apple, with software and semiconductors dominating the subsectors, which have shown strong performance in 2023.

Apple (APPL) is gearing up for its iPhone launch event at the Steve Jobs Theater in California. The technology giant is set to unveil the iPhone 15 series smartphones, including the Plus, as well as the high-end Pro and Pro Max variations.

Apple (AAPL) shed nearly $200 billion in market value in just two days amid the reports of China planning to expand a ban on the use of iPhones to government-backed agencies and state companies.

Investors were net purchasers of fund assets (including those of conventional funds and ETFs) for the second week in a row, injecting a net $9.6 billion for the LSEG Lipper fund-flows week ended Wednesday, September 6. Equity ETFs witnessed net outflows for the second week in three, handing back a little more than $1.4 billion for the most recent fund flows week. For the first week in three, taxable fixed income ETFs experienced net outflows, handing back $1.1 billion this week.

Technology Select Sector SPDR Fund is a US stock and trading under the symbol XLK

Technology Select Sector SPDR Fund stock price is $163.83 today.

Yes, Technology Select Sector SPDR Fund is a publicly traded company.