Markets have rebounded signifoicantly after a tumultuous two months of COVID-19 economic panic. While top indices like the S&P 500 are still down for the year, some top tech companies are finding ways to grow in the stock market.
The biggest players in the S&P 500 are still growing, despite the overall index being down 4 percent on the year. Netflix, Amazon and Microsoft have all seen substantial growth in share-price in 2020 despite the overall downturn of the market. Since the beginning of the year, Netflix and Amazon have seen their stock prices both grow over 35 percent, while Microsoft has had a 20 percent growth. Other top tech companies, like Apple and Alphabet, have both seen overall gains of over 7 percent.
Back in February, these companies accounted for over 20 percent of the total share of the S&P 500, and many feared losses suffered by these companies could bring the broader market down further.