A man poses with a magnifier in front of a Facebook logo on display in this illustration taken in Sarajevo, Bosnia and Herzegovina, December 16, 2015. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK/SAN FRANCISCO: Technology heavyweights might be all that keeps the US earnings recession from extending into a fifth quarter in September if they hit the higher estimates Wall Street is calling for.
A bright spot in generally dour second-quarter results reported so far, technology is the only sector showing improved third-quarter analyst expectations, mostly because of strong scorecards recently from Facebook Inc, Google-parent Alphabet Inc, Texas Instruments Inc and others.
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