What do they know????
Are tech titans teetering atop the market?
AFP4 August 2018
ilicon Valley giants have become a gargantuan force on Wall Street, as demonstrated by Apple recently topping $1 trillion in stock-market valuation.
But should we fear that a new tech bubble is ready to burst?
Here are some questions and answers about the sector:
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What does the tech sector represent on Wall Street? -
Apple ended the formal trading week worth a history-making $1 trillion.
Meanwhile, four other tech firms rounded out a list of the five most valuable companies based on share prices.
Amazon was worth $889 billion; Google-parent Alphabet was valued at $856 billion; Microsoft weighed in at $828 billion, and Facebook was valued at $513 billion.
Together, these companies account for about 20 percent of US GDP, and more than Germany's GDP.
Combined, the tech stocks account for more than 25 percent of the value of the Standard & Poor's 500, the index that includes the 500 largest companies listed in the United States.
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Is this market domination troubling? -
https://sg.finance.yahoo.com/news/tech-titans-teetering-atop-market-012158434.html