Earnings Lift Technology Stocks in Best Season Since 2008: Chartby
Results from Apple Inc. to Alphabet Inc. are giving U.S. tech firms the biggest boost in eight years. Since the reporting period began July 11, the group has climbed 5 percent, the best among 10 sectors in the S&P 500 Index. The gain beat the benchmark measure by 3.5 percentage points, the most at this point of any earnings season since 2008. That’s a turnaround from the first six months of the year, when every group but banks beat tech.