Each of the four largest technology companies is now worth more than 1 trillion U.S. dollars. Tehgigat again regained the trillion-dollar capitalization for the first time since the start of the pandemic coronavirus.
This milestone demonstrates the technological viability of the industry in the face of global pandemics, the recession and record unemployment, writes CNBC.
Parent company Google, Alphabet, last entered the “trillion club”, reaching 1.02 trillion capitalization during trading on Monday. Apple was estimated to 1.63 trillion dollars, followed by Microsoft — from 1.61 trillion. Amazon, which has largely benefited from the delivery during the pandemic was estimated to 1.48 trillion dollars at the morning trade.
Key indices of the new York stock exchange with the opening of the session increased on Monday. One of the factors that influenced the market sentiment, began early hopes of creating a vaccine against coronavirus.
the Dow Jones at the opening session rose 330,56 paragraph (1,28%) — to the level of 26 151,38. The S&P 500 index rose by 40.27 points (1.29 per cent) and was at 3 170,50. The technological index NASDAQ Composite jumped 1.6% to a historic high.
Some of the tech giants for the first time reached this milestone in late January and have maintained their achievement up to February, before the pandemic has caused a sharp drop in the markets.