Tech stocks now trade cheaper than the S&P 500 for the first time since 2017

FinanceInternationalYahoo FinanceNov 7, 2026, 8:01 AMAI summary

Tech stocks in the S&P 500 (XLK) traded this week at about 17 times expected earnings, below the broader index's 18 times, something that had not happened since 2017, according to Keith Lerner of Truist Wealth. At the October 2025 peak the sector fetched 32 times. The S&P 500 and Nasdaq each fell about 3% in a fourth straight losing week, while the PHLX Semiconductor Index lost nearly 30% over five weeks.

In 40 seconds

The S&P 500 tech sector trades at about 17 times expected earnings versus 18 for the broader index, the first time below it since 2017
At the October 2025 peak the tech sector fetched 32 times expected earnings
The PHLX Semiconductor Index lost nearly 30% in five weeks; Micron and Sandisk each fell more than 20% this week

Read the full story at Yahoo Finance

IASummary generated by artificial intelligence from a story by Yahoo Finance. It may contain errors: the original source prevails.

tecnológicas
S&P 500
semiconductores
valoración
Wall Street

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Tech stocks now trade cheaper than the S&P 500 for the first time since 2017

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Keep reading

Government and Congress discuss fiscal adjustment bill in Barranquilla

Cartagena's Independence Festivities boost the local economy and November tourism

52% of Colombians believe the country is on the right track, according to Ipsos

Paraguay to seek international support to trace Ueno Bank's money