XLK

16 out of 20 information technology stocks deliver EPS wins this week: Earnings Scorecard

Microsoft (MSFT), Intel (INTC) and IBM (IBM) reported results this week. 16 out of 20 information technology stocks reported an earnings beat, while four reported a miss. The information technology sector is trading 4% lower. 21 out of 212 companies that reported this quarter are part of the information tech sector.

June 7th Options Now Available For The Materials Select Sector SPDR Fund (XLK)

Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?

The S&P 500 gained over 1% on Friday and is up 2.8% this week. The Nasdaq 100 is on track for its best week in seven months. Strong earnings reports from Alphabet and Microsoft restored positive sentiment in the market. The Magnificent Seven gained a combined $400 billion in a day.

ETFs to Buy as Cloud, AI Power Microsoft's Q3 Earnings

Apple Strengthens Supply Chain in China While Growing Presence in Southeast Asia and India

Apple is deepening its involvement with China while expanding its production in Southeast Asia and India. In 2023, Apple increased its number of China-based suppliers and manufacturing sites to 286. The number of Apple suppliers in Vietnam surged by 40% to 35 last year. Chinese suppliers have become the largest group within Apple's supplier network.

Technology Sector Update for 04/26/2024: SNAP, GOOG, APPF, XLK, XSD

What's next for Big Tech? See what SA analysts have to say

Tech On the Move What's next for Big Tech? See what SA analysts have to say about the state of tech and the economy. Technology stocks have dropped over the past couple of weeks. Weak GDP data and the selloff in Meta Platforms are negative catalysts for the high growth sector. The Magnificent 7 are moving higher in Friday's trading.

Newmont (NYSE: NEM) Gains 12.5% Amid Tech Tumble