Along with Apple, the overachievers — Facebook, Amazon, Netflix, Microsoft and Google’s parent, Alphabet — are household names that have leveraged digital expertise to prosper amid the new, socially distanced reality. “The lines are blurred because technology touches every sector,” said Liz Young, director of market strategy for BNY Mellon Investment Management. ADWith a combined market value exceeding $7 trillion, these six companies account for more than one-quarter of the entire S&P 500. Last month, the CEOs of Apple, Amazon, Facebook and Google were lambasted by Democrats and Republicans at a House antitrust subcommittee hearing. “But looking forward from here, tech stocks and the market face a very uncertain future.”

Source: Washington Post August 19, 2020 22:53 UTC