The pandemic windfall

Who has benefited?
Tech giants, many major corporations, and Wall Street investors have had eye-popping gains during the pandemic, even as the COVID-19 recession has devastated major sectors of the economy. Apple’s total stock value climbed to $2.29 trillion, up 133 percent since March. Amazon’s share price increased by 70 percent. As the stock market set records — fueled by stuck-at-home Americans dependent on online shopping and aggressive Federal Reserve interventions — the fortunes of the 659 U.S.


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