News Sentiment
News Summary
The Technology Select Sector SPDR Fund advanced late Wednesday afternoon, contributing to a fourth consecutive positive session for US stocks. This recovery follows a sell-off from the previous week. However, an analyst discussion highlighted that tech stocks are off their market highs despite a bullish environment for artificial intelligence, prompting suggestions for investors to diversify portfolios outside of tech as part of year-end rebalancing. The fund's performance was part of a broader market advance where major indices and other exchange-traded funds also closed higher.