Make the Most of the Big Tech Rally With These ETFs

Investors seem to be mostly braving their fears over the second wave of coronavirus infections on the latest updates from the technological sector. With support from the major tech players, the Nasdaq Composite index rose to a fresh record on Jun 23.

Gaining for eight straight days (longest streak since December 2019) and marking the second straight all-time closing high, the tech-heavy index rose 0.7% in yesterday’s trading session along with Dow Jones Industrial Average rising 0.5% and S&P 500’s 0.4% increase. In the ETF arena, major Nasdaq ETF like Invesco QQQ (QQQ) hit a 52-week high in yesterday’s trading session. Meanwhile, popular technology ETFs like iShares U.S. Technology ETF (IYW) and Vanguard Information Technology ETF (VGT) soared to their 52-week high level.

Tech giant Apple AAPL led the rally with 2.1% gain to its all-time high level. It was the sixth time in June that the stock closed at

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Stock futures open little changed, pausing after rally

Stock futures traded near unchanged Tuesday evening after a rally during the regular session sent a number of big tech names and the Nasdaq Composite to record closing highs.

Market participants continued to eye increases in coronavirus cases in some regions in the country, with each of California, Texas and Arizona posting their largest daily case additions so far, as of Tuesday’s counts. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said during an appearance before the House Energy and Commerce Committee Tuesday that the “next couple of weeks are going to be critical” in containing the virus in states in the South and West where surges have appeared.

Still, state and local officials have so far largely tabled the idea of shutting down their state economies again, with Texas Gov. Greg Abott saying that a new lockdown would be the last option.


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