There's More to the US than Tech Stocks

As Apple becomes the first listed company to reach a valuation of $2 trillion, these fund managers say there is more to the US stock market than Google, Facebook and Amazon

James Gard 20 August, 2020 | 9:22AM

Tech stocks

The tech success story is an all-consuming one for investors, which reached further dizzying heights when Apple became the first listed company to reach a staggering valuation of $2 trillion.

The sector as a whole has been given a new lease of life by lockdown shopping, headlines about entrepreneurs such as Amazon founder Jezz Bezos’s $100 billion fortune and Apple’s bid to become the world’s first $2 trillion company. After such a strong run, seven tech stocks, including Facebook (FB.) and Microsoft (MSFT), now make up a quarter of the S&P 500 index. 

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About Author

James Gard  is content editor for Morningstar.co.uk

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