Tech ETFs Rally After Upbeat Alphabet, Microsoft Quarterly Results
July 28, 2022 at 13:19 PM EDT
Technology-related exchange traded funds climbed Wednesday after Google’s parent Alphabet (NasdaqGS: GOOGL) and Microsoft (NasdaqGS: MSFT) quarterly earnings allayed fears of a slowdown. On Wednesday, the tech-heavy Invesco QQQ Trust (QQQ) rose 2.7%, the Technology Select Sector SPDR Fund (XLK) gained 2.7%, and the Communication Services Select Sector SPDR Fund (XLC) increased 3.1%. Meanwhile, Alphabet [...] The post Tech ETFs Rally After Upbeat Alphabet, Microsoft Quarterly Results appeared first on ETF Trends .
