BlackRock likes the technology sector as an investment

Since mid-February, the spike in government bonds has put a lot of pressure on technology-related stocks. BlackRock, however, has a constructive view of the space with strategic horizons.
A report put out by BlackRock states: “The recent bond yield spike has been blamed for pressuring tech stocks as they are seen as vulnerable to rising rates. We believe this view is to simplistic: tech is a diverse sector and the driver of higher yields matters more than the rise itself.”
Furthermore, the report continued to mention: “Our new nominal theme implies central banks will be slower to raise rates to curb inflation than in the past, supporting our pro-risk stance and preference for tech.”
The U.S. 10-Year Treasury yield is currently at 1.72%, up one basis point and a few key tech-related ETFs are positive in the pre-market.
For investors that have aligned views with BlackRock, see a few ETFs worth mentioning: Technology Select Sector SPDR ETF (NYSEARCA:XLK), Vanguard Information Technology ETF (NYSEARCA:VGT), iShares U.S. Technology ETF (NYSEARCA:IYW), and Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC).
Additionally, see the full report and a chart of how these exchange traded funds compared against each other and the S&P 500 over a 1-year period.