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Software Stocks Face Earnings Test After 18% Rally

Bloomberg Markets •
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Software investors are betting that struggling stocks have found their footing again after a strong performance over the past month. Earnings this week can confirm that this latest rally has staying power. Since hitting a near-term low on July 23, the iShares Expanded Tech-Software Sector ETF, better known by its ticker IGV, is up 18%, way outperforming the technology-heavy Nasdaq 100 Index and the Magnificent Seven tech giants.