By Kevin Grewal, Editorial Director at www.SmartStops.net
NEW YORK ( TheStreet) -- As consumers start to loosen the grip on their wallets and search for a solution to fuel their appetite for innovation, the technology sector is likely to reap the benefits.
- The Technology Select Sector SPDR ( XLK), which allocates 8.3% of its assets to Apple and 6.1% to Google. XLK closed at $22.68 on Wednesday. XLK also holds the exclusive wireless carrier for the iPhone, AT&T ( T). The iShares Dow Jones US Technology ( IYW), which allocates 9.7% of its assets to Apple and 6.8% to Google. IYW closed at $57.50 on Wednesday. The PowerShares QQQ ( QQQQ), which allocates more than 15% of its assets to Apple and 4.9% to Google. QQQQ closed at $47.17 on Wednesday.