Technology Select Sector SPDR Fund Price & Performance (XLK)

The Technology Select Sector SPDR Fund (XLK) is drawing attention as it approaches critical pivot points, with a pivot high at $199.99 and a pivot low at $195.27. A move beyond either threshold could indicate the next directional trend for the tech sector, prompting traders to reassess their strategies.12

On April 24, the technology sector underperformed with XLK up just 0.59%, while the Energy Select Sector Fund (XLE) led with a 0.60% gain. Financial, industrial, and communication services sectors all posted losses, reflecting ongoing volatility and investor caution across major market segments.34

The XLK ETF has dropped over 14% year-to-date, outpacing declines in broader tech indices. Trade tensions, demand volatility, and competition from low-cost AI models have weighed on performance, with Q2 earnings expectations for the sector recently revised downward, signaling continued uncertainty for investors.56