The Sector Select SPDR Financial ( XLF) has lost 6%, the Sector Select SPDR Technology ( XLK) has lost 5.5% while the Sector Select SPDR Energy ( XLE) is down 5.3%.

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While almost every other large state lost private sector jobs in the 2000s, Texas had a net gain of 9.3 percent.

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Like any investment, there is risk of loss and the sector lost, or certainly did not gain.

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