[Technology Stocks Face Continued Sell-Off, Tech Sector ETF Sees $8.7 Billion Net Outflow Over the Past Month] BlockBeats News, July 19: The Kobeissi Letter reported that technology stocks have been facing continued sell-offs. Over the past month, the tech sector ETF XLK experienced a net outflow of $8.7 billion, the largest among all S&P 500 sector ETFs. Meanwhile, the energy sector ETF XLE and communication services sector ETF XLC saw net outflows of $1 billion and $500 million, respectively. During the same period, the financial sector ETF XLF recorded a net inflow of $2.1 billion, the highest among all sectors. In terms of performance, the tech sector ETF XLK declined by 5.4% over the same period, making it the worst-performing sector ETF. Technology stocks are undergoing a phase of consolidation. [Original Link]