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Weekend reads: What exactly is going on with big tech stocks?


Weekend reads: What exactly is going on with big tech stocks?
MarketWatch
3 hrs ago
TOP TEN
Shares of Amazon are little changed this year, underperforming the S&P 500 Index, which has risen 11%. (Getty Images)
After many years during which the most familiar technology companies pulled the entire stock market up with them, 2021 is turning out to be a slow one for big tech.
Here’s how the 11 sectors of the S&P 500 have performed this year through May 20 (with dividends reinvested):
Information technology has been this year’s second-weakest performer, with consumer discretionary taking the bottom spot. (That sector includes Amazon.com Inc. ) That follows a stellar 44% return during the pandemic year of 2020. You can also see that IT has been the market’s long-term leader. ....

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Biden Team Blames Hoarding Amid Rush at Fuel Pumps


Biden Team Blames Hoarding Amid Rush at Fuel Pumps
Newsweek
5/11/2021
Elizabeth Crisp
© Elijah Nouvelage / AFP/Getty Images
Consumers pump gas at a Costco gasoline station on May 11, 2021, in Atlanta, Georgia. - Fears the shutdown of a major fuel pipeline would cause a gasoline shortage led to some panic buying and prompted US regulators on May 11, 2021 to temporarily suspend clean fuel requirements in three eastern states and the nation s capital. A ransomware attack Friday on Colonial Pipeline forced the company to shut down its entire network, though industry experts say any shortages will be temporary.
The Biden administration is monitoring a fuel crunch that s been driven by the shutdown of the Colonial Pipeline, which was attacked by hackers last Friday. ....

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