In the first week of July, the Technology sector fell 4.8%, making it the worst-performing sector among the S&P 500. Industrials, Consumer Discretionary, and Materials also declined but to lesser extents. Notably, 22 stocks that more than doubled in the first half of the year have dropped an average of 16.3% so far this month, with 20 of these stocks in the red. This decline highlights a shift in market momentum early in the second half of the year.
CDT Capital Management is increasing its market hedging strategy by purchasing put options on the State Street Technology Select Sector SPDR ETF (XLK) to protect against potential downturns in the technology sector driven by risks associated with Art...
In June 2026, the tech sector attracted over $13 billion in investor inflows even though it declined by 3.3% that month. This indicates strong investor confidence in the sector's long-term growth potential, driven by trends like AI development. The S...
