Tech Wreck in Stocks Spares the Old Guard Like Oracle, HP

By Jeran Wittenstein

The Nasdaq 100 Index has taken a nasty dip in recent weeks but some tech stocks are rallying — just not the ones that have ridden on the waves of investor euphoria in recent years.

Older technology companies peddling legacy products have rallied in the past two weeks as rising bond yields and an improving economy have prompted investors to sell shares of faster-growing companies like and buy more profitable ones like HP Inc.

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