First spending boost in years set to pad tech stock earnings
October 13, 2017 at 12:10 PM EDT
NEW YORK, Oct 13 (Reuters) - The first global increase in corporate spending since 2012 will likely boost the earnings of technology companies outside of the so-called FAANG group of Facebook Inc, Amazon.com Inc, Apple Inc , Netflix Inc and Google, adding momentum to a 25 percent rally in the sector for the year to date.