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A Major Tech ETF Is Lagging. Blame Less-Than-Magnificent Earnings.

A Major Tech ETF Is Lagging. Blame Less-Than-Magnificent Earnings.

Tech has been the star of the stock market show for more than a year, but investors wouldn’t know it from the performance of one of the sector’s benchmark exchange-traded funds. But it’s clear why investors aren’t rushing to scoop up these tech stocks, especially when compared with the M7’s much higher forecasts for earnings growth.