Oppenheimer Asset Management believes Info Tech can lead the market higher

seekingalpha08-26

With 477 or 95% of the firms in the S&P 500 index having reported earnings, Oppenheimer Asset management came out on Monday and stated that it still believes markets are positioned to move higher and ...

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In terms of the overall price action for the technology sector, the segment leads all the other S&P sectors higher in 2024 as the area is +28.9% in 2024. On the more nearer-term 1-month, the Info Tech has lagged a bit and is +2.8% which makes the sector the third worst S&P sector performer over the period. For investors looking to further analyze the tech space, see some of Wall Street’s more popular focused exchange traded funds along with each of their year-to-date performances.  Vanguard Information Technology Index ETF (NYSEARCA:VGT) +18.7% YTD. Technology Select Sector SPDR ETF (NYSEARCA:XLK) +15.2% YTD. iShares U.S. Technology ETF (NYSEARCA:IYW) +20.6% YTD. Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) +18.8% YTD. iShares Global Tech ETF (IXN) +19.7% YTD. Invesco S&P 500 Equal Weight Technology ETF (RSPT) +13.2% YTD.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"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":"4.29.1","shortVersion":"4.29.1","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/2462791724"}