February 14, 2013 at 12:20 PM EST
Tech Sector Struggles -- And Not Just Because of Apple
Large-cap tech continues to be a major laggard in this year’s rally. It’s particularly surprising since even the defensive sectors of consumer staples and health care are trading near all-time highs. The market’s rally has been all-encompassing except for large-cap tech. The three-year chart of Technology SPDR ETF (NYSEARCA:XLK) actually shows a developing head-and-shoulders pattern which is certainly rare in the current market environment where most stocks are trading above prior highs. The three-year chart with the head in red shoulders in green: Three-year daily chart of XLK Courtesy of Bloomberg Click to enlarge A good portion of ...
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here