Price movement of S&P 500 indexes
On June 30, 2016, the S&P 500 slightly outperformed the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT). The indexes had returns of 1.4%, 1.1%, and 1.3%, respectively.
The Technology Select Sector SPDR ETF had a return of -2.2% in the trailing-one-month period. In comparison, the S&P 500 generated returns of -1.2%, whereas the Vanguard Information Technology ETF generated returns of -3.4% in the trailing-one-month period.
The last few days have been volatile for technology stocks in particular due to Brexit news and its long-term impact on global markets.
Top gainers on June 30, 2016
Top losers on June 30, 2016
In this series, we’ll take a look at the above stocks’ performances, price movements, and the latest news affecting their share prices, including quarterly earnings, analyst upgrades, and mergers and acquisitions.
Let’s start with Cypress Semiconductors.