The United States of America’s stock market has increased by $6tn in value to the equity market in 2021 as some of the world’s largest technology companies record growth.
Reports gathered shows that US S&P 500 moved higher when Facebook Inc. won the dismissal of two monopoly lawsuits,
Apple Inc., Amazon.com Inc. and Zoom Video Communications Inc. climbed as the reflation trade waned.
Chief investment strategist at Oppenheimer, John Stoltzfus wrote to clients saying, “Investors should not be looking for stocks to move higher in a straight line, but rather prepare for the economic recovery taking shape.”
“We look for progress, not perfection in the economic data this week, with the potential for any disappointments to give rise to volatility, and with results that are better than expected likely to provide positive offsets.”