Following a brief pullback in late June as a result of the Brexit vote, U.S. stock markets have roared ahead in July and August.
The Standard & Poor’s 500 index is up over 8 percent from its June lows and the technology-heavy Nasdaq composite has added over 13 percent.
In fact, the U.S. technology sector has outperformed all others over the past month with an 8.5 percent gain. These gains have been driven primarily by strong earnings in this sector from heavyweights such as Facebook (ticker: FB), Microsoft Corp. (MSFT) and others.
