The ALPS Equal Sector Weight ETF (EQL) changed its benchmark on June 1, moving from the NYSE Equal Sector Weight Index to the VettaFi Modelist Equal Weight Sector 500 Index (VFES500). This shift means EQL will now hold individual stocks directly instead of sector SPDR ETFs, while maintaining equal exposure across 11 market sectors. The new index equally weights sectors but ranks stocks within each sector by market capitalization, allowing larger companies to have more influence. EQL has attracted strong investor interest with $197.45 million in net inflows year to date and maintains a 0.27% expense ratio. The change is structural rather than strategic, preserving EQL's core goal of balanced sector exposure.
The S&P 500 has achieved a historic nine-week winning streak, one of the longest since 1950, with every trading day last week reaching new highs. Despite high market valuations, opportunities remain in sectors like Financials, Healthcare, Consumer St...
Google introduced Gemini Spark, a new AI assistant designed to help users manage digital tasks like summarizing emails, organizing expenses, and planning activities. Integrated with Google apps such as Gmail and Calendar, Spark aims to simplify every...
In 2026, Berkshire Hathaway's shares have fallen nearly 11% while the S&P 500 surged over 35%, driven by tech stocks benefiting from AI optimism. Berkshire's conservative approach, with minimal AI exposure and nearly $400 billion cash reserves, contr...
The Delhi High Court ruled that Google infringed on Hindware's trademark by allowing competitors to use 'Hindware' as a keyword in its AdWords platform, awarding Hindware ₹3 million in damages. The judgment challenges Google's claim of being a passiv...
In May, the S&P 500 reached a record 7,581, driven mainly by strong gains in AI-related technology sectors, especially semiconductor stocks like Dell, which saw a 30% jump on $16.1 billion in AI server sales. Despite this, eight of the eleven sectors...
