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.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing