State Street Technology Select Sector SPDR ETF

XLK

Market cap $46.8B

Retiring on passive income from dividends is a great way to reduce sequence of returns risk. Many investors generate this income from a basket of high-yield CEFs and ETFs. However, this strategy comes with a lot of risks and shortcomings.

Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the Technology Select Sector SPDR ETF (XLK), a passively managed exchange traded fund launched on December 16, 1998.

The Federal Reserve will conclude its most contentious FOMC meeting of the year this afternoon, and the outcome has the potential to meaningfully sway markets. There is a real possibility this turns into a “sell the news” event, but if that happens, I also see several areas where investors may want to consider rotating.

XLK hits a multi-year streak, helped by semiconductor and software. ETFs like XSW and SMH may gain strength with strong growth outlooks.

With market tailwinds building and optimism returning, these top-ranked ETFs can help investors capture momentum safely.

ETF investors stuck with tech through a turbulent November.

State Street Investment Management (SSIM) has been the investment advisor for the Select Sector SPDR ETFs since 1998. It will now take over the distribution and marketing for these funds.

Stocks in the Technology Select Sector SPDR Fund (XLK) include Nvidia and Microsoft. These stocks now consume a large portion of the broader benchmark S&P 500 index.

XLK and other sector ETFs set to gain as expectations surge for a potential Federal Reserve rate cut in December.

Otis Worldwide Corp and Build-A-Bear Workshop offer attractive long-term dividend growth opportunities amid recent market pullbacks. OTIS remains fundamentally strong, with raised EPS guidance, aggressive share buybacks, and expectations for double-digit growth as economic headwinds dissipate. BBW impresses with robust year-over-year earnings growth, a debt-free balance sheet, ongoing share repurchases, and strategic expansion, supporting future dividend growth.