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XITK - Tech Soars Energy Sinks So Far In 2020 Equity Sector Horse Race
SPDR FactSet Innovative Technology
US equity sector performance in 2020 is a study in contrasts. At the high end of year-to-date results: technology shares. Meanwhile, energy continues to suffer as the big loser, based on a set of ETF proxies.
Technology Select Sector SPDR (XLK) has surged 8.1% year to date through Tuesday's close (Feb. 4). After yesterday's strong 2.6% rally, XLK ended the session at a new high for the fund.
Tech's gain is even more impressive in relative terms: XLK's 8.1% gain is far ahead of the US stock market's 2.2% year-to-date rise, based on SPDR S&P