U.S. tech stocks have been pushing the stock market to record highs, and now the sector has now become more valuable than the entire European stock market for the first time in history, according to the latest research from Bank of America.KEY FACTS
In 2007, by comparison, the European market was four times the size of the U.S. tech sector, the firm said. The five biggest companies—Apple, Microsoft, Amazon, Google-parent Alphabet and Facebook—account for 23.8% of the S&P 500, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
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