Microsoft, Apple Give Technology ETFs A Boost (ETFs: XLK, SMH)

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 |  Includes: AAPL, DELL, MSFT, SMH, XLK
by: David Fry

Apple (NASDAQ:AAPL) rallied 10% on news its Intel-based machines will run the Windows operating system. This supported the computer sector, semi’s and Microsoft (NASDAQ:MSFT). The latter has been steadily inching higher for the past month and is a major reason why Technology Select Sector SPDR (NYSEARCA:XLK) has been strong since MSFT comprises nearly 12% of that index.

See charts below: Technology SPDR (XLK); Semiconductor Holdrs (NYSEARCA:SMH); Apple Computer Inc. (AAPL), Dell Inc. (NASDAQ:DELL), Microsoft (MSFT)