Big tech may halt earnings recession, if it delivers third-quarter numbers

By Caroline Valetkevitch and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) - Technology heavyweights might be all that keeps the U.S. earnings recession from extending into a fifth quarter in September if they hit the higher estimates Wall Street is calling for. A bright spot in generally dour second-quarter results reported so far, technology is the only sector showing improved third-quarter analyst expectations, mostly because of strong scorecards recently from Facebook Inc, Google-parent Al