Hewlett Packard Enterprise sees Q3 adjusted EPS of 35c-39c vs 36c Street view

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Tech stands to be only positive S&P 500 sector in February

Tech stocks were the one bright spot in February as the broader market got hammered and the sector was on track to be the only monthly gainer on the S&P 500 index . The S&P 500’s tech sector, which is the largest of the benchmark’s 11 sectors at a $7 trillion market cap, was on track for a 0.7% gain for February, and is up 8.3% for the year. In comparison, the S&P 500 was tracking at a 3% loss for February, and is up 2.5% for the year. With a few hours of February trading to go, shares of Apple Inc. have gained nearly 7% for the month, while shares of Hewlett Packard Enterprise Co. have rallied 15%, Red Hat Inc. shares have gained 13%, Micron Technology Inc. shares are up 11%, and Cisco Systems Inc. shares have rallied 9%. Financials are on track to be the second best performing sector in February, running at a 1.6% decline, and energy stocks are faring the worst with the sector down nearly 10% for the month.

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