XLK - The Tech Sector Just Hit an All-Time High. Here Are 3 Tech-Heavy ETFs to Buy in 2024.
2024-01-26 06:45:00 ET
After a steep sell-off in 2022, the technology sector rocketed higher in 2023 and just reached a fresh intraday record high on January 22. It's easy to see why.
Over the last five years, Apple is up 394% and Microsoft is up 267%. These two companies alone have gotten so big that they both top $3 trillion in market capitalization, making them the two biggest companies in the world.
If you're interested in the tech sector, but don't know which stock to choose, an exchange-traded fund (ETF) may be the best and least expensive way to achieve diversification and exposure to different industries. Here's why the Technology Select Sector SPDR Fund (NYSEMKT: XLK) , the Vanguard Growth ETF (NYSEMKT: VUG) , and the Vanguard S&P 500 Index Fund (NYSEMKT: VOO) stand out as three easy ways to invest in tech stocks .
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The Tech Sector Just Hit an All-Time High. Here Are 3 Tech-Heavy ETFs to Buy in 2024.