Top Growth Sector Faces Test of Great Expectations
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Signs of stabilization for China’s economy provided just what the stock market needed to be steady as investors dive into the earnings season. Among tech companies, SAP, ASML and Ericsson are scheduled to report this week, which might signal what’s next for the shares of Europe’s best-performing industry this year.
The region’s technology sector is up 26% in 2019, keeping up with the Nasdaq 100, while the Philadelphia Semiconductor Index SOX has soared more than 30%. The SX8P has been bouncing near the 500-point level after recently hitting a one-year high following a truce in the U.S.-China trade dispute.