Concerns about corporate earnings remain as the economy shows signs of a slowdown.
"Investors are starting to look at tech as a sector that's absolutely beaten down but quality and fundamentals remain," said Sylvia Jablonski, chief investment officer of Defiance ETFs.
Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.9% for the fourth quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of the year.
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