Both iShares Semiconductor ETF (NASDAQ:SOXX) and State Street Technology Select Sector SPDR ETF (NYSEMKT:XLK) They aim to give investors access to the US technology sector, but they differ in scope and risk. SOXX focuses on semiconductor companies, making them more concentrated, while XLK casts a broader net on software, hardware and IT services. This comparison…
XLK is significantly cheaper to own and much larger than SOXX, but its recent returns have lagged the semiconductor-focused fund. SOXX is more volatile and suffered its deepest decline in five years, reflecting its narrow tilt toward the chip sector. XLK offers broader technology exposure, with mega-cap holdings like Nvidia, Apple and Microsoft dominating its…
Wall Street’s AI-powered rally just received another vote of confidence. UBS (UBS) raised its forecast for the S&P 500 (^GSPC) to 7,500 by the end of 2026 in a note on Monday, citing strong corporate earnings and gains in a resilient technology sector. According to the bank’s just-released global economy and markets outlook, UBS forecasts…
As the day wore on in the United States, stock markets had a mixed ending. This happened because people were feeling less confident about spending and there were also concerns about problems in the Middle East, even though the big US banks had some good news about their profits. US Stock Market Overview The big…
