XLK News & Analysis
3 articles
Market Mood
Oracle (ORCL) Soars 27% This Week; AMD (AMD) Hits All-Time High
Oracle (ORCL) saw a 27% gain this week, marking its best performance since June 1999, following an expansion of a 1.2-gigawatt AI data center deal with Bloom Energy. Advanced Micro Devices (AMD) rose 13% this week, achieving an all-time high amid a streak of 13 consecutive days of gains, totaling over a 42% increase. Microsoft (MSFT) increased by 14%, rebounding after a significant quarterly loss. The iShares Expanded Tech-Software ETF (IGV) also climbed nearly 14% week-to-date, indicating a broader recovery in the tech sector.
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S&P 500 Futures Rise 0.08% Amid U.S.-Iran Talks Breakdown
S&P 500 futures increased by 0.08% following a strong trading session despite a breakdown in U.S.-Iran peace negotiations. The Dow Jones Industrial Average futures rose by 17 points (0.04%), and Nasdaq-100 futures climbed 0.2%. West Texas Intermediate crude prices settled at $99.08 per barrel, increasing by 2.6%, while Brent crude rose over 4% to $99.36. Upcoming earnings from major banks like JPMorgan Chase and Wells Fargo may impact market sentiment as investors navigate geopolitical uncertainties.
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XLK and XLE ETF Strategy Yields Positive Returns Since 2020
Billionaire investor John Arnold highlighted his investment approach via a recent tweet, showcasing the performance of the Select Sector SPDR ETFs, XLK and XLE, from 2020 to 2026 YTD. The 50/50 split of these ETFs recorded year-over-year positive returns in six out of seven years, notably outperforming the SPDR S&P 500 ETF Trust (SPY) in four of those years. For 2022, the 50/50 split maintained a positive return while the SPY reported a -19.5% decline. As of 2026 YTD, the 50/50 split showed a -8% performance compared to SPY's -7%.
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