Monday, March 30, 2020

Amazon, Apple, Microsoft firm up industry-group dominance

The three biggest U.S. companies by market value are gaining even more dominance within their industry groups in a bear market. Inc. accounted for as much as 45.5% of the total value for companies in the S&P 500 Consumer Discretionary Index last week, according to data compiled by Bloomberg. The third-most-valuable company’s share was 9.9 percentage points higher than on Feb. 19, when an almost 11-year bull market in U.S. stocks ended. No. 1 Microsoft Corp. and No. 2 Apple Inc. peaked at a combined 41.8% of the S&P Technology Index’s value on March 18, up two points from Feb. 19.


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