Technology Select Sector SPDR Fund's Time to Shine: Beating the S&P, But for How Long?

Published on 25 May 2024 on Benzinga via Yahoo Finance

Technology Select Sector SPDR Fund's Time to Shine: Beating the S&P, But for How Long?

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Despite the rampant market volatility, the technology sector has long delivered superior returns compared to the broader market equities. The Technology Select Sector SPDR Fund (NYSE:XLK) has outpaced the S&P 500 over the past year, boasting an impressive 31.2% return compared to the S&P 500 index’s 28%.

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