No, that headline does not reference S&P 500 tracking exchange-traded funds, which, of course, hold plenty of the world's largest companies. Thanks to ballooning market values for some of the sector's biggest names coupled with declines in the financial services group, the technology sector is the S&P 500 largest constituent at a weight of about 20.4 percent.
As of February 1, five of the S&P 500's 10 largest members were technology companies. Accounting for the two classes of Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares found in that lineup, the four tech companies among the nine largest S&P 500 companies is double the next closest sector, that being financial services.
Technology SPDR ETF
All of that ...
/www.benzinga.com/trading-ideas/long-ideas/16/02/6204905/this-etf-holds-several-of-the-worlds-largest-companies alt=This ETF Holds Several Of The World's Largest Companies>Full story available on Benzinga.com
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