SPDR® S&P Telecom ETF
The S&P 500 index (SPY) posted solid gains last week, helped by impressive earnings reports and a well-received speech by President Trump at Davos on January 17.
The technology sector (XLK) contributed the most to the performance of the S&P 500 Index and remained the top performer of the S&P 500 Index in 2017.
Telefonica SA (TEF SM) is headquartered in Spain and is one of the world’s largest telephone operators reaching more than 350 million customers.
The S&P 500 Index (SPY) closed last week at 2425.55, losing 0.65% as compared to its August 11 close.
The S&P 500 (SPY) defensive sectors tend to offer an attractive yield to investors during low-interest environments or when the economy is slowing down.