- June 21, 2021
- Posted by: Stratford Team
- Category: Business
Apple-Metro CEO Zane Tankel discusses the Applebee’s flagship reopening and how the labor shortage has impacted restaurants.
Big tech stocks are going their own ways in 2021.
It is a far cry from last year, when the so-called FAANG stocks took a commanding role in a market-driven by the coronavirus pandemic.
After the swift downturn of early 2020, shares of Facebook Inc., FB -2.04% Apple Inc., AAPL -1.01% Amazon.com Inc., AMZN -0.07% Netflix Inc. NFLX 0.49% and Google parent Alphabet Inc. GOOG -0.64% recovered more quickly than the broad stock market. Then they pushed higher, ultimately powering the S&P 500 to a 16% gain for 2020.
This year, as the economy strengthens and vaccinations diminish the pandemic in the U.S., that synchronized march has broken down. Investors have broadened their sights beyond the familiar names whose technology businesses thrived as many Americans switched to working, shopping and socializing at home. With a re-energized…
