Reported 8 months ago
The Technology Select Sector SPDR Fund (XLK) is considering a rebalancing due to concerns over market concentration, with giants like Apple, Nvidia, and Microsoft driving market gains. The ETF may need to adjust its portfolio to comply with its rules, potentially impacting the companies and broader markets. Yahoo Finance's Jared Blikre analyzes the implications of this move on individual stocks and the overall market.
Source: YAHOO