Torn U.S. tech investors debate buy or sell in wake of shakeout

By Caroline Valetkevitch
NEW YORK (Reuters) - Investors are grappling with how to play heavyweight U.S. technology shares, which are trading well above long-term valuations despite a sell-off last month that took some air out of the stocks.
After leading the rally back from the market's March lows, the S&P 500 information technology sector has underperformed recently and was among the weakest within the S&P 500 in September.
The tech sector remains down about 8% since peaking on Sept. 2, compared with about a 5% decline in the S&P 500.
Even with the sell-off, the S&P 500 technology sector is trading at about 25 times forward earnings and at a nearly 55% premium to its 10-year average, IBES data shows, according to Refinitiv analysts. The sector's P/E hit 28.4 on Sept. 3, its ...


Read More on Datafloq