The stock market is setting new record highs ! (tech stocks, not industrials or manufacturing)
in today's Wall Street Journal -
"The divergence in the performance of the major U.S. stock indexes this year is the widest in more than a decade. A surge in big technology stocks has helped the Nasdaq Composite rally 13% in 2020, while the Dow Jones Industrial Average of blue-chip stocks is down 8.3%.
The stay-at-home practices adopted to help slow the spread of the virus have accelerated digital trends that have benefited many big tech stocks. Shares of Apple, Microsoft, Amazon, Alphabet and Facebook have rallied this year, led by Amazon’s 50% advance. Other industries haven’t kept up. "