U.S. big tech dominates stock market after monster rally, leaving investors on edge

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a tech-fueled sell-off.

) - now stands at more than $7 trillion, accounting for almost 25% of the index’s market capitalization. That compares with less than 20% pre-pandemic.

Some investors worry the companies powering this year’s equity rally could become the market’s Achilles’ heel if a legal assault, a shift to undervalued names or a move higher in bond yields dries up appetite for technology stocks. The decision “is just a first battle of many on the horizon,” said Dan Ives, an analyst at Wedbush Securities. “From a valuation perspective, there’s clearly an overhang around antitrust.”

“These few behemoths dominate their industry and can set the rules of the global economy,” said U.S. Senator Richard Blumenthal, a Democrat who has been outspoken about antitrust issues. “This kind of concentrated power is always dangerous.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please research “Internet Of Things”.

E SE JESUS FOSSE POBRE, NEGRO E CARECA , E TODA VEZ QUE ELE SAÍSSE DE CASA FOSSE CHAMADO DE LADRÃO PELOS POLICIAIS NO POSTO 8 DA BARRA OU PELOS RICOS DA ZONA ZUL DO RJ? E POR QUE DEUS FARIA JESUS NEGRO E NÃO LOIRÃO DOS OLHOS AZUÍS ? POR QUÊ ? POR QUÊ ? POR QUÊ ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce stock is surging more than 25% a day after its blockbuster earnings reportWith Wednesday's share move, Salesforce stock is up nearly 70% year-to-date.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market record highs despite bad economy actually makes sense - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. RenMacLLC Really. RenMacLLC 'More recently, since the pandemic ended, ' You meant 'since the pandemic began,' I assume?
Source: BusinessInsider - 🏆 729. / 51 Read more »

New Zealand Stock Exchange trading halted on 2 days after cyberattack - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good morning world 'ya'll making how much a week?' 'oh yeah we need that' drboycewatkins1
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's what happened to the stock market on WednesdayA rally in tech shares propelled the S&P 500 and Nasdaq to fresh record highs. 🌊REPENT, CHURCH, REPENT, REPENT!!🌊 🔥TURN AWAY FROM ALL SINS!🔥 📯JESUS IS COMING!📯 Blessed people, you are kindly welcomed to this PrimeWednesdayService of the Ministry of Repentance and Holiness, now live on air It went up PrimeWednesdayService 道を準備します。 メシアが来ています.
Source: CNBC - 🏆 12. / 72 Read more »