Big Tech went from growth stocks to Wall Street’s Treasury bond substitute during the coronavirus
FAANG stocks displayed at the Nasdaq.
Adam Jeffery | CNBC
Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place: tech and software stocks.
Shares of Apple, Netflix, Microsoft, and Amazonare all trading at, or near record highs.…