Published on 7 Nov 2024 on Benzinga
Financial stocks have surged ahead of tech in year-to-date performance, fueled by a Trump-led rally on Wednesday that lifted banks and brokers amid investor expectations of a deregulation-friendly political landscape ahead.
The Financial Select Sector SPDR Fund XLF has risen by 30% in 2024, outpacing the Technology Select Sector SPDR Fund XLK, which is up 26% this year.