XLK Holding Ground, AAPL Strong, FB Not an Issue
Tweet
Share
E-mail
Technology Select Sector SPDR (NYSE: XLK) is holding steady in early trading, despite a huge sell off in shares of Facebook (NASDAQ: FB).
Because Facebook is a new issue, it is not owned by XLK, but some traders feel that negative sentiment in FB could drag down the broader market for tech stocks. So far, this does not appear to be the case.
Shares of Apple (NASDAQ: AAPL), the largest holding in XLK, are up over 1 percent in early trading.
Because Facebook is a new issue, it is not owned by XLK, but some traders feel that negative sentiment in FB could drag down the broader market for tech stocks. So far, this does not appear to be the case.
Shares of Apple (NASDAQ: AAPL), the largest holding in XLK, are up over 1 percent in early trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple Cuts Jobs in Siri, Vision Pro 3D Video and Gaming Teams - Bloomberg
- Active options: AAPL NVDA TSLA INTC MU SPCX AMZN MRNA META AMD
- Herc Holdings adds former Mobile Mini CEO Erik Olsson to board
Create E-mail Alert Related Categories
ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
