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Too early to bet against AI trade, State Street suggests
CNBC· 2025-11-08 16:00
Group 1 - State Street maintains a bullish outlook on the artificial intelligence sector despite the Nasdaq experiencing its worst week since April [1] - Chief business officer Anna Paglia believes that momentum stocks will continue to perform well as investors remain focused on growth narratives [2] - The SPDR NYSE Technology ETF has gained 38% year-to-date, although it saw a pullback of over 4% in the past week due to profit-taking in AI-related stocks [3][4] Group 2 - Paglia anticipates that a shift from growth to value investing is not imminent, as the market has yet to show signs of a slowdown in major trends [2] - Todd Rosenbluth indicates that a rotation towards health care stocks is beginning, with the Health Care Select Sector SPDR Fund gaining 5% since October 1 [5][6] - The Health Care Select Sector SPDR Fund has started to regain favor after being out of favor for much of the year, becoming the second-best performing S&P 500 group this week [6]
SPDR NYSE Technology ETF declares quarterly distribution of $0.0846
Seeking Alpha· 2025-09-22 09:06
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
Technology ETF (XNTK) Hits New 52-Week High
ZACKS· 2025-08-11 16:16
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]