'Spectacular earnings ' from tech companies

The current US corporate earnings reporting season is near its end, and companies have been reporting strong results for the first quarter, AP reports.

That has helped reaffirm Wall Street’s view that the economic recovery is solid. It has also helped to justify some of the pricey stock values in several sectors, especially technology. Investors will get results from Dell and Salesforce.com this week, among a few others.

“Now we realize there’s still some spectacular earnings growth and fundamentals coming from tech and communications and growth stocks in general,” said Ryan Detrick, chief market strategist for LPL Financial.