Technology ETF (XNTK) Hits New 52-Week High

Group 1 - The SPDR NYSE Technology ETF (XNTK) has reached a 52-week high and is up 52.6% from its 52-week low of $159.43 per share, indicating strong momentum in the technology sector [1][2] - The recent rally in the technology sector is largely driven by Apple's announcement of a $100 billion investment in U.S. manufacturing over the next four years, alongside positive sentiment regarding potential Federal Reserve rate cuts and strong earnings [2] - XNTK holds a Zacks ETF Rank 2 (Buy), suggesting that the ETF may continue to outperform in the coming months due to strong performance in its constituent sectors [3]