Technology Select Sector SPDR ETF XLK – Zacks Rank #1 It is the most battered area and hence is likely to bounce back faster amid a market recovery. Technology Select Sector SPDR ETF (XLK): ETF Research Reports The bets of a 75-bp Fed rate hike this week amid sky-high inflation, the ECB’s looming hawkish stance, the Russia-Ukraine war, soaring energy prices and a renewed surge in COVID cases in countries like the United Kingdom and China have sent stocks into the bear market this time around.