Tech Stock ETF XLK Sees $8.7B Net Outflows in Past Month, Down 5.4%

XLK-0.82%
XLF-0.77%
SPX500-0.05%
According to The Kobeissi Letter, the Technology Select Sector SPDR ETF (XLK) experienced net outflows of $8.7 billion over the past month, marking the largest outflow among S&P 500 sector ETFs. XLK declined 5.4% during the same period. In contrast, the Financial Select Sector SPDR ETF (XLF) attracted $2.1 billion in net inflows, the highest among all sectors.
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