The Record-Setting GDP Hit, Shaky Earnings Estimates, and Big Tech Gets Bigger
August 03, 2020 at 11:43 AM EDT
Stocks closed lower on Thursday after a record-setting blow to U.S. GDP revealed the extent of the virus’s economic impact, the contraction was the sharpest in modern U.S. history. Annualized figures (re: the oft-quoted 32.9%) can be deceptive during periods of swift change though, and growth...