5-Feb-2026
No press releases found.
ETFs heavily allocated to Alphabet feel the pressure as GOOG and tech slide
Seeking Alpha News (Thu, 5-Feb 8:34 AM ET)
The Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Communication Services Select Sector Index. The Index seeks to provide an effective representation of the communication services sector of the S&P 500 Index. The Index includes companies that have been identified as Communication Services companies by the Global Industry Classification Standard (GICS), including securities of companies from the following industries: diversified telecommunication services; wireless telecommunication services; media; entertainment; and interactive media & services. The Index is using a "modified market capitalization" methodology, which means that modifications may be made to the market capitalization weights of single stock concentrations in order to conform to the requirements of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code" or "IRC").
State Street Communication Services Select Sector SPDR ETF trades on the ARCA stock market under the symbol XLC.
As of February 5, 2026, XLC stock price declined to $116.21 with 15,061,988 million shares trading.
XLC has a beta of 0.92, meaning it tends to be less sensitive to market movements. XLC has a correlation of 0.77 to the broad based SPY ETF.
XLC has a market cap of $26.86 billion. This is considered a Large Cap stock.
In the last 3 years, XLC traded as high as $120.41 and as low as $51.37.
XLC has outperformed the market in the last year with a price return of +14.6% while the SPY ETF gained +13.4%. XLC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +2.8% and 0.0%, respectively, while the SPY returned +0.3% and -1.6%, respectively.
XLC support price is $115.65 and resistance is $117.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XLC shares will trade within this expected range on the day.
