Year-to-date, the technology sector within the S&P 500 has experienced the most aggressive upward earnings revisions from analysts.

If oil prices establish a sustained floor around $100 per barrel, it would represent a significant economic shock from the recent low of $60 per barrel.

The recent conflict with Iran is narrowing the gap between 'front page risk' and 'bottom line risk' for S&P 500 earnings.

The technology and communication services sectors combined account for approximately 40% of the S&P 500's market capitalization.

The technology sector's share of overall U.S. employment has been declining for nearly two years.

Sustained oil prices around $100 per barrel would likely keep U.S. gasoline prices above $4 per gallon.

The information sector, a proxy for the tech industry, constitutes a low single-digit percentage of total U.S. payrolls.