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If you’ve bought a tech ETF to cash in on Amazon, here’s some bad news

Classification standards mean some companies involved in multiple industries appear in a different sector to what you might think

If you’ve bought a tech ETF to cash in on Amazon, here’s some bad news

Amazon.com is one of the biggest, and therefore most influential, stocks in the US equity market, and it has surged more than 30% so far this year. Netflix is another trading favourite, up more than 20% in 2017 and nearly 60% over the past 12 months, MarketWatch reports.

So here’s a trivia question: how much have these iconic stocks, both of which embody the current internet age, directly contributed to the gain of the overall technology sector, itself the biggest gainer of the year, up more than 14%?

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