US Stock Market | Tech Turnaround: Software shares recover after deep selloff
The Economic Times·2026-03-12 07:36
According to a report by Bloomberg, the S&P 500 Software Index has just recorded its strongest weekly performance since May. Meanwhile, the widely tracked iShares Expanded Tech‑Software Sector ETF posted its best weekly gain in nearly 11 months and has climbed about 13% since late February, when a research note warning about an AI-dominated future rattled the market.Despite the recent recovery, software stocks remain relatively inexpensive after the steep decline that began in the latter half of last year. ...