The technology sector is once again the top-performing sector in the stock market.
This sector has gained more than 30% year to date, as measured by the Technology Select Sector SPDR Fund (ticker: XLK). As good as the performance of XLK has been this year, the exchange-traded fund’s rise was better last year when it enjoyed nearly a 50% gain.
Technology leading the way is not new, as this will be the third time in four years it has been the top-performing sector.
The last sector to stay atop the leader board this long was energy back in 2004, 2005