Fed Stays Put: 5 Winning Tech ETFs

Zacks2023-11-03

As expected, the Federal Reserve announced on Wednesday that it would keep its benchmark interest rate within the range of 5.25% to 5.50%. This marks the highest interest rate level in over two ...

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This marks the highest interest rate level in over two ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-stays-put-5-winning-172700174.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IGV","symbol_name":"北美软件ETF-iShares","start_time":0,"source_url":"https://finance.yahoo.com/news/fed-stays-put-5-winning-172700174.html","article_id":"2380009993","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JFn064eoTyFDQ8bpluRJew--~B/aD0zNTY7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/09147180af9fd4afaa322c5ac4332f4b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2380009993","pubTimestamp":1698946020,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"As expected, the Federal Reserve announced on Wednesday that it would keep its benchmark interest rate within the range of 5.25% to 5.50%. This marks the highest interest rate level in over two decades. However, the central bank has left the door open for potential future actions as it continues to grapple with the persistent challenge of reining in inflation and steering the economy toward its target of 2% inflation.In response to the Fed's decision, Treasury yields edged lower, with the 10-year yield trading falling to 4.77% from 4.88% recorded on the day before. As the Fed stayed put and yields fell, high growth sectors like technology that outperform in a low-rate environment, gained.In its official statement, the Fed upgraded its assessment of the United States economy for the third quarter of 2023, moving from describing it as \"solid\" in September to now characterizing it as \"strong.\" This shift in language reflects the recent surge in economic activity that has caught the attent","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IGV":"北美软件ETF-iShares","BK4535":"淡马锡持仓","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","BK4527":"明星科技股","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4550":"红杉资本持仓","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4526":"热门中概股","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4503":"景林资产持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","03145":"华夏亚洲高息股","BK4551":"寇图资本持仓","LU0080751232.USD":"富达环球多元动力基金A","FDN":"First Trust Dow Jones Internet I","BK4505":"高瓴资本持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","FTEC":"Fidelity MSCI Information Techno","BK4504":"桥水持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","MSFT":"微软","BK4529":"IDC概念","SMH":"半导体指数ETF-HOLDRs","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4528":"SaaS概念","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4532":"文艺复兴科技持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IXN":"iShares Trust S&P Global Informa","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","NVDA":"英伟达","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","XLK":"高科技指数ETF-SPDR","BK4525":"远程办公概念","TSM":"台积电"},"translate_title":"美联储原地不动：5只获胜的科技ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLK":1,"FTEC":1,"IGV":1,"IXN":1,"SMH":1,"TSM":1,"MSFT":0.9,"FDN":0.9,"NVDA":0.64,"03145":0.6},"content_text":"As expected, the Federal Reserve announced on Wednesday that it would keep its benchmark interest rate within the range of 5.25% to 5.50%. This marks the highest interest rate level in over two decades. However, the central bank has left the door open for potential future actions as it continues to grapple with the persistent challenge of reining in inflation and steering the economy toward its target of 2% inflation.\nIn response to the Fed's decision, Treasury yields edged lower, with the 10-year yield trading falling to 4.77% from 4.88% recorded on the day before. As the Fed stayed put and yields fell, high growth sectors like technology that outperform in a low-rate environment, gained.\nUpgrading the Economic Assessment\nIn its official statement, the Fed upgraded its assessment of the United States economy for the third quarter of 2023, moving from describing it as \"solid\" in September to now characterizing it as \"strong.\" This shift in language reflects the recent surge in economic activity that has caught the attention of policymakers and analysts alike. Notably, the U.S. economy grew at an annualized rate of 4.9% in Q3 (read: Consumer Spending Boosts U.S. Q3 GDP: ETFs to Buy).\nThe U.S. central bank noted that job gains have \"moderated\" compared to their previous assessment, where they indicated that job growth had \"slowed\" during the period between meetings. Despite this moderation, job gains are still considered robust, and the unemployment rate remains at historically low levels. However, the statement emphasized that inflation continues to pose a concern and remains elevated.\nChanging Bets on Future Rate Hikes\nMarket dynamics regarding future rate hikes saw a notable shift following the Fed’s announcement. According to the CME FedWatch Tool, investors have now priced in a 67.3% likelihood that the Federal Reserve will keep rates steady through its January meeting. This reflects a substantial increase from the 59.3% probability observed just a day prior. Plus, there is 75% chance of the Fed keeping rates same in the December meeting, up from 68.9% likelihood recorded on Oct 31, 2023.\nWinning Tech ETFs\nbelow Chances of rates falling from the highs have impacted key tech ETFs positively on Nov 1, 2023. Against this backdrop, below we highlight a few tech ETFs that have surged on Nov 1, 2023.\nTechnology Select Sector SPDR Fund (XLK)\nThe fund puts about 47% weights in Apple and Microsoft. The fund charges 10 bps in fees. The ETF XLK advanced about 1.9% on Nov 1, 2023 while it gained about 0.3% after hours.\nVanEck Semiconductor ETF (SMH)\nThe fund is heavy on Nvidia (21.58%), followed by Taiwan Semiconductor (TSM). The fund SMH, which charges 35 bps in fees, gained 2.5% on Nov 1, 2023 and added about 0.9% after hours.\nFidelity MSCI Information Technology Index ETF (FTEC)\nThis fund is also heavy on Apple (21.80%) and Microsoft (20.70%). The fund charges 8 bps in fees. The fund edged higher by 1.7% and advanced more than 1.6% after hours.\niShares Expanded Tech-Software Sector ETF (IGV)\nThis fund is heavy on Microsoft (8.69%), Abobe (8.30%) and Salesforce (8.12%). The fund charges 41 bps in fees. The fund inched up 0.8% and added about 0.3% after hours.\niShares Global Tech ETF (IXN)\nThe top holdings of the fund are Apple (21.24%), Microsoft (19.77%) and Nvidia (4.52%). The fund charges 41 bps in fees. The fund edged higher by 1.8% and advanced about 0.02% after hours.       \n(Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.)\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTechnology Select Sector SPDR ETF (XLK): ETF Research Reports\nVanEck Semiconductor ETF (SMH): ETF Research Reports\nFidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports\niShares Global Tech ETF (IXN): ETF Research Reports\niShares Expanded Tech-Software Sector ETF (IGV): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2380009993"}