In the important technology ETF rebalancing, Nvidia will see a buy-in of billions of dollars, while the weight of Apple is being drastically cut.
The Technology Select Sector SPDR Fund (XLK) tracks an index of the industry. The index will officially rebalance at the end of this week. According to the head of SPDR Americas Research, the new calculation method will put Microsoft in first place in the index, followed by NVIDIA and Apple, with NVIDIA's weight reaching 20% and Apple's weight will be significantly reduced.
Apple, Microsoft Push S&P 500, Nasdaq to New Highs | Wall Street Today
The S&P 500 and Nasdaq resumed their rally to fresh all-time highs, buoyed by gains in tech giants Apple and Microsoft.
10 Communication Services Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Adobe Responds to FTC Complaint; Vows to Refute Claims in Court; Asserts Transparency in Subscription Terms and Simple Cancellation Process
Adobe Responds to FTC Complaint; Vows to Refute Claims in Court; Asserts Transparency in Subscription Terms and Simple Cancellation Process
Bernstein Maintains Outperform on Adobe, Raises Price Target to $660
Bernstein analyst Mark Moerdler maintains Adobe (NASDAQ:ADBE) with a Outperform and raises the price target from $653 to $660.
S&P 500, Nasdaq Reach New Records, Buoyed by Apple, Microsoft
The S&P 500 and Nasdaq resumed their rally to fresh all-time highs, buoyed by gains in tech giants Apple and Microsoft.
Would You Like AI With Those Fries? McDonald's Ends Drive-Thru Artificial Intelligence Test
Leading fast food chain McDonald's Corp (NYSE:MCD) is ending a drive-thru test that utilized artificial intelligence technology.What Happened: With the growth in artificial intelligence use cases, the
S&P 500 Companies up Q1 Share Buybacks, May Be Shy to Finance Repurchases Going Forward
U.S. FTC Sues Adobe for Allegedly Hiding Fees, Preventing Consumers from Easily Canceling Subscriptions
U.S. FTC Sues Adobe for Allegedly Hiding Fees, Preventing Consumers from Easily Canceling Subscriptions
OpenAI And Color Health Develop AI-Driven Cancer Care Solutions: Report
Microsoft Corp (NASDAQ:MSFT) backed OpenAI, in partnership with startup Color Health, has unveiled a new initiative to harness artificial intelligence in enhancing cancer screening and treatment plans
Adobe Unveils New Generative AI Features for Acrobat
Market Clubhouse Morning Memo - June 17th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates thes
Top 3 Consumer Staple Targets for Short Sellers in May
Here's How Much $1000 Invested In Costco Wholesale 20 Years Ago Would Be Worth Today
Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 8.14% on an annualized basis producing an average annual return of 16.23%. Currently, Costco Wholesale has a market
Microsoft's Japan Head Sees Nation Boosting Use of AI - Report
Wall Street Boosts S&P 500 Target to Record 6,000: Can Market Momentum Sustain?
Driven by expectations of a more dovish Federal Reserve policy and a strong performance from mega-caps, both the S&P 500 and Nasdaq have risen for a seventh consecutive week.
Stagwell To Integrate Google Cloud And Gemini AI Models Into Four Popular Digital Marketing Apps; New AI-Powered Features Announced At Cannes Event, Leveraging Google Cloud Infrastructure And AI Services
Stagwell To Integrate Google Cloud And Gemini AI Models Into Four Popular Digital Marketing Apps; New AI-Powered Features Announced At Cannes Event, Leveraging Google Cloud Infrastructure And AI Servi
Surgeon General Calls for Warning Labels on Social Media, Cites Mental Health Crisis
Micron To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Piper Sandl
This Analyst With 86% Accuracy Rate Sees Over 13% Upside In Alphabet - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled mixed on Friday, with the Nasdaq Composite recording a fifth straight record close.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all