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Tech Takes Vengeance On Energy After Awful 2022, While Fed Rate Peaks And Oil Losses Shape Stock Performance

Technology stocks have taken huge revenge on energy in recent months, with the performance difference between the Technology Select Sector SPDR Fund (ARCA: XLK) and the Energy Select Sector SPDR Fund (ARCA: XLE) climbing to 27% year-to-date and 42%, respectively, from November 2022 lows.

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