NYSEArca - Nasdaq Real Time Price • USD The Communication Services Select Sector SPDR ETF Fund (XLC) Follow 96.00 -1.34 (-1.38%) As of 10:11 AM EST. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations S Adjusts Rules for Tech-Heavy Sector Indexes S&P changes aim to better balance weights of large companies in ETFs. Investors are growing increasingly confident about a 'soft landing' With concerns about inflation declining, investors are feeling increasingly confident about the global economy exiting the central bank interest rate hiking cycle without an economic downturn. The S&P 493's earnings recession is over: Morning Brief A majority of the stocks in the S&P 500 haven't seen earnings grow in over a year. That's about to change. Recession-proof stocks are leading the market's latest leg higher The Utilities and Consumer Staples sectors have popped since mid-April as investors search for value. Nvidia earnings, geopolitics could offer needed market 'catalysts' As company earnings continue to beat Wall Street expectations, US Equities (^GSPC, ^DJI, ^IXIC) are rising from April lows. The market has also begun to price in the Federal Reserve's policy of keeping higher interest rates for longer, but is there more for investors to consider for the next few months? Horizon Investments Chief Investment Officer Scott Ladner and Freedom Capital Markets Chief Global Strategist Jay Woods join Market Domination to provide insight into navigating the market during the current economic environment. Ladner argues that the market needs a new catalyst. In the absence of any large upcoming catalyst, investors may be staring down a more challenging few months: "We could actually have some, some positive catalysts from the geopolitical standpoint. But I don't see anything huge on the horizon, frankly. I mean, I think this is gonna be a bit of a grinder, probably a little bit grinder for the next few months, but grinding up rather than down. " Woods questions how far earnings can carry the market: "Individual earnings, they're not enough to take that next leg higher. Amazon (AMZN) made a new high today. It's on the verge of a major breakout. If you look at it on a weekly chart, it hasn't taken us there. Alphabet (GOOG,GOOGL), did, Microsoft (MSFT) didn't on solid earnings. So we're not seeing that euphoria. We're not seeing that tailwind we want to see. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino 3 stocks with the biggest gains took April's biggest losses The stock market's very rough April saw some of the biggest gainers of the first three months take some of the biggest dings to their market caps. And at the same time, some of the sectors that struggled in Q1 saw a similar reversal of fortune in April. How Big Tech is paying for its AI bets: Morning Brief Big Tech companies have ramped up spending to compete on AI. They're compensating shareholders for the effort, too. Meta ETFs Plunge on Sales Outlook, AI Spending Shares of the social media giant tumbled by double digits on Thursday. Earnings season to test breadth of stock market rally First quarter earnings reports are expected to show signs that other areas of the market could catch up to tech's growth later in 2024. The S&P 500 is up 5 months straight — and history favors momentum The S&P 500 has had a remarkable run over the past five months, chalking up a 25% gain. But contrary to feelings that things have risen too quickly, history says that strength begets strength. 3 companies are driving the 'Magnificent 7' trade Improved earnings estimates for a few select tech companies show why their stocks are outperforming peers. The 2023 stock market rally isn't just about 7 stocks anymore The market rally over the last month hasn't been driven by the "Magnificent Seven" tech stocks, a promising sign that it has legs. Stocks: Defense will win in 2024, says Evercore's Emanuel With inflation cooling and the Federal Reserve signaling interest rate cuts in 2024, many investors and analysts seem to be adopting a bullish outlook for 2024. Could the market build upon its recent rally in 2024? Or are analyst and investors too optimistic? Julian Emanuel, Senior Managing Director of Evercore ISI, joins Yahoo Finance to discuss why he believes the market is not out of the woods just yet and why investors should consider a more defensive position. Emanuel says he wants to be defensive in 2024, but notes that "defense can have certain different connotations... It's interesting that communication services is defensive even in a recession because you're going to get ad spend on both the election and the Olympics, consumer staples has not been able to "bank" any of the benefits of declining input costs. Remember, commodity prices have been down substantially the last several months as well as the benefits as yields coming off." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Performance Overview Trailing returns as of 11/20/2024. Category is Communications. Return XLC Category YTD +35.08% +20.31% 1-Year +38.85% +38.27% 3-Year +7.94% -0.89%