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Bloomberg
Big tech powered US stocks to a third straight winning year in 2021, as giants like Apple Inc. and Microsoft Corp. continue to see strong demand almost regardless of the economic environment.
Five of the market’s most notable Internet and technology names — Apple, Microsoft, Google parent Alphabet Inc, Amazon.com Inc and Facebook parent Meta Platforms Inc — rises this year, even as they finished in the red on the final trading day of 2021.
While their 2021 performances varied from Alphabet’s 65% surge to Amazon’s 2.4% slog, the group collectively added more than $2.45 trillion in market valuation. Microsoft, Apple and Alphabet were among the three biggest contributors to the S&P 500 Index’s 2021 gains.
Google’s parent company soared 65% in 2021, making it the top performer among Wall Street’s biggest names. This was the strongest year for the stock since 2009, and it briefly joined Apple and Microsoft with a $2 trillion market valuation.