Big Tech Stocks Thrive Amid Bank Turmoil.
Despite the recent troubles of SVB Financial, which kicked off the latest round of stock market woes, the tech sector has remained resilient. The Nasdaq Composite has jumped more than 4% over the past five trading days, while the tech-stock index has climbed nearly 16% year to date, compared with just over 3% for the S&P 500. This has been good news for Apple stock and the rest of big tech.