Tech ETFs get a boost as Apple becomes first company in the world worth $2 trillion

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Exchange-traded funds with big bets on Apple Inc. bounced Wednesday when the tech giant added 1.1% and became the first company to cross $2 trillion in market capitalization. The Technology Select Sector SPDR fund , with 24.3% of its holdings in Apple shares, jumped 0.6% in the early afternoon, outpacing the broader stock market and the tech-oriented Nasdaq Composite index , which was up 0.3%. Other ETFs have similarly large holdings in Apple: the Fidelity Covington Trust MSCI Information Technology fund , with more than 22% invested in Apple, rose 0.5%, while the iShares Trust US Technology ETF , with a 21.4% stake, jumped 0.7%. Over the past three months, those funds have all enjoyed gains of about 22%, while Apple shares have popped nearly 50% higher.
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