The Tech Sector Catches Fire

By Lev Borodovsky, Ben Eisen and Tom DeStefano Features Dow Jones Newswires

What you may not know is that by one measure, the 2017 tech-stock rally is already at levels last seen in 2000. The S&P technology sector accounts for nearly a quarter of the S&P 500's market value. The last time that happened was 1999.

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The FAANG stocks have been on a roll, rising to new highs...

...and helping to drive repeated records in the Nasdaq and S&P 500.

Internal signs of the tech sector's health look relatively ruddy, though gains aren't uniformly shared in the U.S. economy thanks to offshoring and other broader business trends.

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Write to Lev Borodovsky at Lev.Borodovsky@DowJones.com, Ben Eisen at ben.eisen@wsj.com and Tom DeStefano at tom.destefano@wsj.com

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(END) Dow Jones Newswires

June 04, 2017 10:11 ET (14:11 GMT)