Healthcare and technology stocks globally have been resilient to the ongoing virus shock, with investors pumping $4.9 billion into those sectors in the last week, according to BofA Research.
The technology and healthcare sectors have tightened their grip on global stock markets since the coronavirus shock knocked world shares from February’s record highs.
While banks, airlines and oil majors have been dumped by investors and the value of their shares has plummeted, sectors including the likes of pharma giant Roche (ROG.S) and the U.S. tech heavyweights now account for 42.8% of world stocks - more than twice that of energy and financial shares.
Healthcare and technology stocks globally have been resilient to the ongoing virus shock, with investors pumping $4.9 billion into those sectors in the last week, according to BofA Research.
Facebook (FB.O), Apple (AAPL.O), Amazon (AMZN.O), Alphabet (GOOGL.O) and Microsoft (MSFT.O) weigh a whopping 8.7% of global equity markets.
Never before has the overall weight of the top five S&P 500 .SPX stocks been as high as now, with these five companies making up more than 20% of the index's 500 constituents.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Severity: Warning
Message: count(): Parameter must be an array or an object that implements Countable
Filename: amp/news_details_amp.php
Line Number: 252
Backtrace:
File: /home/smartmarketnews/public_html/application/views/amp/news_details_amp.php
Line: 252
Function: _error_handler
File: /home/smartmarketnews/public_html/application/controllers/Amp_controller.php
Line: 41
Function: view
File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.
media@smartmarketnews.com | sales@smartmarketnews.com
Contact Us