Patrik Lang News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SHARE While fast-growing US tech stocks have been driving returns on the S&P 500 for the past decade, that trend accelerated in 2020 as the pandemic and lockdowns drove demand for digital services. And it was the biggest tech companies that enjoyed the lion’s share of the growth. At the start of 2020, the five largest companies – Apple, Amazon, Facebook, Microsoft and Alphabet (Google) – made up around 17.5 per cent of the S&P 500 index. That rose to 22 per cent by the end of the year. This growth means that many investors have a higher concentration of these companies in their portfoli...

Dubai: Even as economies worldwide gradually mark a turnaround after a tumultuous virus-plagued 2020, stock markets on the other hand, had a year of record gains after a crash that lasted a short while. “The worst of the coronavirus-pandemic-incited recession is over and the first, immediate part of the recovery has been surprisingly strong, even beating consensus estimates, which were struggling to grasp this unprecedented crisis,” noted Patrik Lang, head of equity and strategy research at Bank Julius Baer. “Nevertheless, economic indicators are consistent with our expectations of a V-...