Tag: stock

The ETF, SPY represents the bellweather, the S&P 500 Index, which is a diversified large cap U.S. index that holds companies across all eleven sectors.  One sector represented with a significant weighting is information technology.

Source

The Index seeks to provide an effective representation of the technology and telecom sector of the S&P 500 Index with exposure to technology hardware, storage, communications equipment, semiconductors, etc.

So when I heard the XLK was at all-time highs,

and the NASDAQ wasn’t,

I was intrigued.  However, it all made sense after looking at the top 10 holdings of the XLK.

Source

We live in a cashless society, so I wasn’t

PG&E faces at least $30 billion in potential liability costs stemming from wildfires in 2017 and 2018, many allegedly started by the company’s equipment, that have led state officials to doubt the safety of the company’s electric distribution system.

Investigators have already determined PG&E’s equipment liable in at least 17 major wildfires in 2017. State investigators are still working to determine if the company’s equipment was partly responsible for November’s Camp Fire, which killed at least 86 people and destroyed about 14,000 homes, making it the state’s deadliest fire.

PG&E Corp. stock cratered Monday after the company said it will file for