MAGA tech stocks worth more than $1 trillion: GOOGL, AAPL, AMZN, MSFT


Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020.

Lucas Jackson | Reuters

The four biggest tech companies are each worth more than $1 trillion, a landmark that was last reached before the Covid-19 pandemic struck the U.S. 

The landmark shows the resilience of the tech industry in the face of a global pandemic, recession and record unemployment. 

Alphabet was the latest to re-enter the trillion-dollar club, reaching $1.02 trillion in market value during trading on Monday. Apple was valued at $1.63 trillion, followed by Microsoft at $1.61 trillion. Amazon, which has largely benefited from stay-at-home orders that battered most companies, was valued at $1.48 trillion in early trading. 

The valuations were boosted by a strong morning for U.S. markets. The Dow Jones Industrial Average was up 1.7%, while the S&P 500 gained 1.4%. The tech-heavy Nasdaq Composite jumped 1.6% to an all-time high.

 The technology giants first reached the milestone in late January and held onto gains into February, before the pandemic caused markets to plummet. 



Source link

Recent articles

Ohio Governor Says His Flawed Virus Test Shouldn’t Undercut New, Rapid Methods

Gov. Mike DeWine of Ohio, who last week tested positive for the coronavirus, then negative and then negative again, said on CNN on...

Egypt extends detention of Al Jazeera journalist Mahmoud Hussein | News

Egyptian authorities have extended the detention of Al Jazeera journalist Mahmoud Hussein by another 45 days. The extension on Sunday came more than 1,300...

Created with Blender 2.8: ‘Take on me’ cover: Arrangement for Flute orchestras

PiDi writes: 'Take on me' cover: Arrangement for Flute orchestras (Cover) Similar to the original video, it looks like a comic book. All image effects were...

Looks Like AT&T Cancelled Plans for WB Interactive Sale

Following months of reports about its sale, Warner Bros. Interactive Entertainment seems to be resting safely with AT&T for now, if comments by...

Leave a reply

Please enter your comment!
Please enter your name here