Tech Stocks Push Higher Tuesday in Late-Session Rally
Technology shares climbed late Tuesday afternoon, with sector ETFs leading the charge as buyers stepped in near the close.
Tech is doing what tech does — refusing to stay down. Late Tuesday afternoon, the sector caught a bid and pushed meaningfully higher, giving traders who held through the day's chop a reason to smile heading into the close.
The State Street Technology Select Sector SPDR ETF was among the instruments reflecting the move, a go-to benchmark for anyone tracking large-cap tech exposure. When that ETF starts moving with conviction late in the session, it usually signals institutional money — not just retail noise.
Read more Prediction Markets Raise Insider Trading Red Flags for Wall Street →
Late-afternoon rallies in tech carry weight. They suggest big players aren't dumping into strength, which is exactly the kind of price action bulls want to see. If you're positioned in the sector, this is the tape telling you the path of least resistance may still be higher.
That said, one afternoon doesn't make a trend. Watch how the sector opens Wednesday — follow-through buying at the open would confirm Tuesday's move wasn't just short-covering. No follow-through? Respect the warning sign and manage your size accordingly.
Continue reading at Yahoo.
