New High For Tech Sector

| About: Technology Select (XLK)

The S&P 500 Technology sector has a weighting of more than 20% in the S&P 500. If Tech is performing well, it's likely that the broad market is performing well too.

Over the last few weeks, Tech has led this market higher, and Wednesday the sector became the second cyclical sector - along with Industrials - to make a new bull market high. While it's just one day, still, this breakout to new highs for Tech is a positive for the market.

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