Amazon has jumped the most in 2020 so far, while Alphabet's Class A shares have gained the least.US tech stocks surpassed the entirety of the European stock market in market value after surging through the summer on outsized investor interest.
The sector has notched several extraordinary superlatives through the coronavirus pandemic. Tech names fueled the US market's rapid leap out of bearish territory, and now host historically high investor crowding in its biggest names. Most recently, the group drove the to a record high, despite the US remaining deep in an economic slump and economists fearing a double-dip recession.said in a note to clients. That size leads it to, for the first time, dwarf the total value of all European stocks, including those listed in the UK and Switzerland, which stands at $8.9 trillion.
To emphasize the speed at which tech stocks have grown, the bank noted that, in 2007, Europe's market cap was roughly four times the size of the sector.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World stocks lack direction after US Fed’s lack of guidanceJapanese shares dropped, with the Nikkei 225 down 1.4%, on the prime minister’s resignation, sending the yen up and the dollar down
Source: BDliveSA - 🏆 12. / 63 Read more »