The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

An undated handout shows employees working inside a Taiwan Semiconductor Manufacturing Company (TSMC) 8-Inch Wafer Fab laboratory in Taiwan.
An undated handout shows employees working inside a Taiwan Semiconductor Manufacturing Company (TSMC) 8-Inch Wafer Fab laboratory in Taiwan.
(Handout/Reuters)

Key signal says technology stocks will surge

The new orders component of the Institute for Supply Management’s manufacturing Purchasing Managers’ Index survey is widely considered among the best forward-looking indicators for the U.S. economy. The most recent report provided some unequivocally good news – the highest reading for new orders in a decade.