Apple, Microsoft gain over 1%, propels Nasdaq up
Apple and Microsoft shares rose 1% and 1.3%, respectively, to lead tech higher.
Apple and Microsoft shares rose 1% and 1.3%, respectively, to lead tech higher.
Top tech brands drifted lower, as investors fretted over uncertainty around the COVID-19 pandemic.
The tech-heavy Nasdaq ended its two-day losing streak, as deal activity lifted sentiment on the sector.
Apple, which hit a $2 trillion market cap on August 19, lost about $325 billion in that time period.
Leading tech stocks like Netflix, Facebook, Amazon, and Google were all down more than 1%.
Recent sell-offs were triggered by leading tech brands including Facebook, Amazon, Google.
The 56-year-old world’s richest man was worth $205 billion as at the close of trading on Wednesday.
The Facebook stock has been showing some upside as the company, diversified its portfolio to include e-commerce.
The stock is finding it difficult to break the $1600 resistance level.
Amazon, Apple, Facebook, and Microsoft have performed better than most businesses during the COVID-19 pandemic.
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