Updated Aug. 20, 2021 2:14 p.m. ET / Original Aug. 20, 2021 4:00 americium ET
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Over 3 days successful precocious July, America’s tech giants enactment connected an awesome show. Apple, Microsoft, Alphabet, Amazon.com, and Facebook had thrived successful the pandemic, and their latest net reports hammered location the point. The 5 companies generated a combined $332 cardinal successful gross from April to June, up 36% from a twelvemonth earlier. All of their profits were amended than expected. The twist is that each of their stocks, prevention for Alphabet’s, sold disconnected connected the news.
The antagonistic absorption reflects the paradox surrounding America’s Big...