Technology companies remain attractive and demand for their products, especially memory chips, looks robust.
The outlook for the semiconductor industry this year remains positive and demand for memory chips will be sustained.
Investors are still not too confident on the earnings outlook at technology companies. Rising oil prices will increase concern that interest rates will keep on rising, which will hurt demand in the U.S.
Investors are focusing on corporate earnings and positive results will help lead stock markets higher.
The earnings outlook for financial companies remains positive as the domestic economy recovers and that is supporting their shares.
