Buying the top 500 index on Friday helped to drive the top 500 consumer index, despite the fact that the top 500 index helped drive the economy’s record.
their favorite investment targets include so-called faang stocks, namely, shares of Facebook Inc, Amazon, apple, Netflix and Google’s parent company alphabet, which account for most of the market’s earnings this year.
in addition, they snapped up shares in companies such as zoom and PayPal, whose growth rates soared during the outbreak, as millions of people worked remotely.
since January, the share price of online payment giant PayPal has risen 79% as consumers conduct more and more cashless transactions. The company has attracted Senate investment group and Carlson capital as new investors.