SPDR S&P Internet ETF (NYSEARCA: XWEB ) This product targets the Internet corner of the broad tech space with an equal-weight exposure. Source: Shutterstock Now the remarks from the Fed Chairman Jerome Powell in its first testimony to Congress revived fears of more interest rate increases this year leading to another bloodbath in the stock market. Powell showed enough confidence in the economic and inflation outlook, signaling that the Fed could accelerate its pace of monetary tightening with four interest rate hikes this year rather than the three penciled in to keep the economy from overheating.