ETFs that track Information Technology stocks indices surged yesterday.
ETFs that track Information Technology stocks indices surged 2,62% yesterday, bringing the year-to-date cumulative performance to 19,91% despite the coronavirus downturn in march. The rally in technology companies pushed the S&P 500 in positive territory for 2020. This is not the first time this year that Wall Street is in the green; that was the case in June before the coronavirus pandemic began to spike again in the United States and other countries that sent markets lower again. Since the beginning of the year, investors have poured $ 3,5 Bn of new assets in this segment of 11 ETFs, pushing the total assets under management to $ 34,3 Bn.