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REW - Tech Stocks Continue To Lead U.S. Sectors In 2019
ProShares UltraShort Technology
Technology shares remain the top-performing sector in this year's broad-based stock market rally, based on a set of exchange-traded funds. After stumbling in late-March, the tech sector rebounded in April and still leads the rest of the field by a healthy margin.
The Technology Select Sector SPDR ETF (XLK) is up a strong 26.4% year to date through yesterday's close (May 2). The fund's return is comfortably above the second-best year-to-date performance via the Industrial Select Sector SPDR ETF (XLI), which has increased 21.0%.
For context, the broad stock market is up 17.0% so far