The ALPS Equal Sector Weight ETF (EQL) declined only 0.10% in June, outperforming the S&P 500 which fell 1.0%. EQL's equal-weight approach across 11 sectors helped offset losses from big tech stocks like Amazon and Alphabet, which dragged down consumer discretionary and media sectors. Meanwhile, healthcare, industrials, financials, and utilities sectors posted gains, reflecting a market rotation toward cyclical and value stocks. This sector diversification helped EQL weather the tech sell-off better than the market-cap weighted S&P 500.
The global generative AI in healthcare market, valued at $1.84 billion in 2024, is projected to grow at a 31.4% CAGR to reach $21.64 billion by 2034. Growth is fueled by solutions for medical imaging, diagnostics, drug discovery, and administrative a...
Bookshop.org, a competitor to Amazon that supports local bookstores, has confirmed progress on integrating with Kobo eReaders, with support expected later this year. This integration was delayed multiple times but now has settled business terms and i...
Amazon announced that its crowdsourcing service Mechanical Turk will stop accepting new customers after July 30, 2026, though existing users can continue using it. Launched in 2005, Mechanical Turk allowed people to perform small tasks that resisted ...
French President Emmanuel Macron and Indian Prime Minister Narendra Modi are actively courting major tech CEOs to secure investments in AI data centers, cloud infrastructure, and semiconductor development. Macron successfully persuaded SoftBank to in...
Snowflake's stock surged 54% since late February after reporting a strong Q1 FY27 with 33.5% revenue growth to $1.39 billion and a 38% rise in remaining performance obligations, signaling robust future demand. The company highlighted AI as the growth...
