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MarketBeat
MarketBeat
Business
Ryan Hasson

HISTORICAL FACTS: 2 tech giants holding their ground while the market slides - Caught on Camera

It's been a rough year for equities, but not all mega-cap technology stocks are created equal. While the broader market sits negative year to date (YTD) and the technology sector, represented by the State Street Technology Select Sector SDPR Fund (NYSEARCA: XLK), is down over 3% on the year, a couple of the largest technology companies in the world have demonstrated impressive relative strength. It's that resilience, in a market dominated by fear, headline risk, and uncertainty, that makes these two names particularly noteworthy. If the broader market firms up and reclaims key moving averages in the coming weeks, they could be among the first to break higher.

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