ReferIndia News Mapping the Market: After remarkable comeback, software stocks face a key test

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Mapping the Market: After remarkable comeback, software stocks face a key test

Published on: June 3, 2026, 3:30 p.m. | Source: Devdiscourse

Chart watchers are now asking, can it keep climbing? The iShares Expanded Tech-Software Sector ETF (IGV), a broad measure ‌of the space, recently posted its biggest three-day gain since October 2001. Microsoft makes up more than half of that index but less than 10% of IGV, giving the ETF a wider view of the sector's health. That ⁠said, the ​charts are flashing a cautionary ⁠signal.

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