Wall Street and the MAGFA Stocks
Despite the congressional hearings and economic woes, the tech heavyweights all roseThe market value of Apple skyrocketed to just shy of $2 trillion. Bitcoin had a 20% rise. I added Bitcoin market cap which is now above $200 billion.
The five giant tech company market caps now represent 25% of the market cap of the U.S. S&P 500. Still mind boggling. Congress is on their trail, but the hearings did not yield much. I would say the companies dodged the bullets really well.