Tech titans driving Wall St higher

Elon Musk's Tesla has cracked through market capitalisation of US$1 trillion. (Image: Deposit Photos)

Sat, 30 Oct 2021

September quarter results have given a major confidence boost to US markets, mainly because most of the big name companies have produced positive figures.These include Apple, Microsoft, Google, Amazon, Tesla and Facebook.The following table shows the weighting of these six companies in the three major US indices and their sharemarket performances over the past twelve months.US index weightings Nasdaq CompositeS&P 500Dow JonesReturn*Apple11.0%6.1%2.8%38.1%Microsoft10.4%6.3%6.0%61.5%Google7.7%4.4%-93.1%Amazon7.6%3.8%-9.0%Tesla5.6%2.2%-16...

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